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Sensex rebounds 200 pts, Nifty above 7650 on global cues

The market rebounded on Wednesday after a sell-off in previous two consecutive sessions, tracking positive global cues

The 30-share BSE Sensex rose 208.93 points to 25109.39 and the 50-share NSE Nifty climbed 63.25 points to 7660.25. The market breadth was also strong as about 844 shares advanced against 138 declining shares on BSE.

Lupin, Tata Motors, ICICI Bank, Sun Pharma, Hindalco Industries, Vedanta and UltraTech Cement topped buying list in early trade.

The Indian rupee has opened marginally higher at 66.48 per dollar today against previous close of 66.54.

Major Headlines of the day:
Sun Pharma to acquire 14 brands from Novartis
Tata Steel: Board open to selling off UK biz
BEL, Thales to develop PHAROS fire control radar

Trend in FII flows: The FIIs were net  sellers of  Rs -513.45 Cr in the cash segment on Tuesday while the DIIs were net buyers of  Rs 556.69 Cr, as per the provisional figures released by the NSE.

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