Sensex Shrugs Off Brexit Fears, Climbs Over 80 Points
Sensex Shrugs Off Brexit Fears, Climbs Over 80 Points
Despite the United Kingdom's shocking exit from European Union, market showed signs of resilience as the Sensex rose.

Mumbai: Market showed signs of resilience as the Sensex rose by over 82 points to 26,485.28 on Tuesday after value-buying by investors offset concerns from United Kingdom's shock exit from the European Union.

Besides, short-covering ahead of June derivatives expiry on Thursday gave the upside some traction.

The 30-share barometer advanced by 82.32 points or 0.31% to 26,485.28 in early trade.

The index had ended flat by rising 5 points in the previous volatile session.

Sectoral indices led by capital goods, oil and gas, PSU, power, realty, healthcare and banking saw a lot of action, gaining up to 0.86%.

The National Stock Equity Nifty too regained the 8,100 mark by rising 29.20 points, or 0.36%, to 8,123.90 in early trade.

Brokers said value-buying in select blue-chips may have helped, but the sell-off in other Asian and European markets capped the losses.

Hong Kong's Hang Seng was down 0.71% while Shanghai Composite was quoting 0.20% lower in early session on Tuesday.

Japan's Nikkei fell 0.33%.

The Dow Jones Industrial Average ended 1.50% lower on Monday.

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