Sensex bounces 213 points; Nifty reclaims 9,200-mark

New Delhi: The BSE benchmark Sensex recovered 213 points on Tuesday as fresh buying by investors led to widespread gains ahead of the earnings season.

Domestic bourses bucked the weak trend witnessed in most of the Asian markets.

Sectoral indices such as IT, technology, telecom, refinery and power witnessed robust buying.

The 30-share index resumed higher at 29,630.06 and hovered in a range of 29,804.51 and 29,570.58 before closing at 29,788.35, showing a gain of 212.61 points or 0.72 percent.

The gauge had dropped by 398.50 points of 1.33 percent in previous three days.

The NSE Nifty also moved up by 55.55 points to end at 9,237.

Overseas, Asian stocks declined as rising tensions in the Middle East and political uncertainty in Europe kept investors on edge, underpinning safe assets such as the yen, gold and treasuries.

US stocks closed fractionally higher yesterday amid geopolitical tensions, while investors looked ahead to the start of earnings season.

Meanwhile, the foreign funds sold net Rs 716.19 crores yesterday, as per the provisional figure issued by stock exchanges.

With Agency Inputs