Zee Media Bureau
The benchmark BSE Sensex spurted by nearly 400 points while the NSE Nifty reclaimed 8,000 mark in pre-noon trade on fresh buying mainly in healthcare, consumer durables, capital goods, refinery and realty counters on the back of higher global cues.
Renewed capital inflows from foreign funds also boosted the market sentiment.
The Sensex resumed lower at 26,573.89 and dropped further to 26,503.08 on initial selling pressure.
However, it recovered up to 27,032.68 before quoting at 27,027.12, showing a gain of 396.53 points, or 1.49 percent from its last close.
The NSE 50-share Nifty also rose by 118.05 points, or 1.48 percent to 8,093.55 after hitting an intra-day low of 7,939.70 in early trade.
Major gainers were Sun Pharma (2.39 percent), Hero Motors (2.21 percent), L&T (1.99 percent), SBI (1.99 percent) and Cipla (1.97 percent).
Asian stocks gained in choppy trade after the US Federal Reserve after a two-day policy meet renewed a pledge to keep interest rates near zero for a considerable time.
The US Fed in a statement announced a further USD 10 billion reduction in its monthly purchases, leaving the programme on course to be shuttered next month.
Key benchmark indices in China, Singapore, Taiwan and Japan rose by 0.23 percent to 1.07 percent, while indices in Hong Kong and South Korea fell by 0.68 percent to 0.71 percent.
With agency inputs
