BSE Sensex rebounds, closes 132 pts up

Helped by some late buying in heavyweight scrips, the Sensex on Tuesday rose in the last hour of trade after a listless start, and closed above the 16,000-mark by gaining 132 points.

HOW THE MARKETS FARED

The 30-scrip index of the Bombay Stock Exchange, which lost 343 points on Monday over contraction in factory output, closed at 16,002.51 points, 132.16 points or 0.83 per cent up from its previous close.

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The 50-scrip S&P CNX Nifty of the National Stock Exchange also ended higher at 4,800.60 points, up 0.76 per cent or 55.3 points from its previous close.

Bluechip stocks like RIL, HDFC Bank and Infosys were among the scrips that gained in late trade.

Broader markets also managed moderate gains with the BSE 500 index closing 0.65 percent up. The BSE midcap and smallcap indices closed in the red.

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Stocks took a battering earlier in Asia. Japan's Nikkei 225 fell 1.2 per cent to close at 8,552.81. South Korea's Kospi gave up 1.9 per cent to 1,864.06. Hong Kong's Hang Seng lost 0.7 per cent to 18,447.17. Benchmarks in Australia, Singapore, Taiwan and Indonesia also fell. India, Malaysia and the Philippines rose.

On mainland China, the benchmark Shanghai Composite Index fell 1.9 per cent to 2,248.59, its lowest in closing since March 2009. The Shenzhen Composite Index lost 3 per cent to 921.32.

- with agencies inputs