Mumbai, February 25 The benchmark equity indices, Sensex and Nifty, rallied in the early trading session on Wednesday, recovering from the sharp fall in the previous session, driven by buying in IT stocks and a positive trend in global markets.
The 30-share BSE Sensex jumped by 558.79 points to 82,784.71 in the early trading. The 50-share NSE Nifty climbed by 157.05 points to 25,581.70.
From the Sensex pack, Tech Mahindra, HCL Tech, Tata Consultancy Services, Infosys, Power Grid, and InterGlobe Aviation were the biggest gainers.
State Bank of India, Bajaj Finance, Asian Paints, and Maruti Suzuki were the laggards.
The BSE IT index traded 2.08 per cent higher at 29,850.09 during the initial trading.
IT stocks faced heavy losses on Tuesday amid concerns over disruption caused by artificial intelligence.
In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index, Japan's Nikkei 225, and Hong Kong's Hang Seng index were trading significantly higher.
The US market ended higher on Tuesday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 102.53 crore on Tuesday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 3,161.22 crore, according to exchange data.
Brent Crude, the global oil benchmark, jumped by 0.76 per cent to USD 71.31 per barrel.
On Tuesday, the Sensex plummeted by 1,068.74 points or 1.28 per cent to settle at 82,225.92. The Nifty fell by 288.35 points or 1.12 per cent to close at 25,424.65.
