Sensex Jumps Over 250 Points in Early Trade Led by Gains in RIL, ICICI Bank; Nifty Tests 11,350

In the previous session, Sensex ended 171.43 points or 0.45 per cent lower at 38,193.92, while Nifty settled 39.35 points or 0.35 per cent down at 11,278. Exchange data showed that foreign institutional investors sold equities worth Rs 959.09 crore on a net basis on Wednesday.

Domestic equities opened on a positive note tracking strong gains in global markets, traders said. Stock exchanges on Wall Street rebounded and ended over 2 per cent higher in overnight trade.

Following suit, bourses in Shanghai, Hong Kong, Seoul and Tokyo were also trading with gains in mid-day deals. Global oil benchmark Brent crude was trading 0.47 per cent lower at USD 40.60 per barrel.