Market recoups early losses

The market recouped early losses and rebounded into the positive note, as the bulls were back in action. The key headline indices rallied to a fresh intra-day high at 27,877 and 8,398, respectively. Now, the BSE Sensex is up almost 142 points at 27,872 and the NSE Nifty has added 40 points at 8,393. The broader market is out-performing the BSE benchmark index, the Midcap and Smallcap indices have gained over 0.5 percent each at 10,717 and 11,175, respectively. Sectorwise, the BSE Metal index has jumped 2 percent at 9,533. The Capital Good index spurted 1.4 percent at 17,486. The Oil & Gas and Realty indices have also advanced over a percent each at 9,997 and 1,436, respectively. The Healthcare, Auto, Bankex and Power indices are the other gainers - up over 0.5 percent each. The BSE IT index has bucked the trend, and is down 0.4 percent at 10,789. In the Metal space - Jindal Steel has soared 4 percent to Rs. 95.45. Coal India has surged 3.3 percent at Rs. 413. Hindalco jumped over 2.5 percent at Rs. 124. Tata Steel has spurted nearly 2 percent at Rs. 316. SAIL, Vedanta and Hindustan Zinc are the other prominent gainers. National Aluminium, however, is down 0.2 percent at Rs. 42.85.