The 30-share index, which had slipped from record highs by falling 78.86 points in Wednesday’s trade, recovered by 125.37 points, or 0.52 percent, to trade at 24,423.39. (Agencies)
All the sectoral indices, led by realty and consumer durables, were trading in the positive zone with gains up to 7.77 percent.
In a similar fashion, the broader National Stock Exchange index Nifty moved up by 18.45 points, or 0.25 percent, to 7,271.35.
Brokers attributed the recovery in stocks to revival of buying by funds and investors amidst a firming trend on other Asian bourses on indication of an improvement in Chinese manufacturing activity and overnight gains on US markets.
Jewellery stocks were back in demand after the Reserve Bank yesterday eased gold import norms by allowing select trading houses, in addition to already permitted banks, to procure the precious metal to boost exports.
Stocks of Titan Company climbed up by 10.40 percent to Rs 342.40, P C Jewellers rose 15.93 percent to Rs 120.10 and Gitanjali Gems surged 14.17 percent to Rs 104.35.
Among other Asian markets, Hong Kong's Hang Seng index rose by 0.38 percent, while Japan's Nikkei gained 1.60 percent in early trade on Thursday.
US Dow Jones Industrial Average ended 0.97 percent higher in Wednesday's trade.
The 30-share index, which had slipped from record highs by falling 78.86 points in Wednesday’s trade, recovered by 125.37 points, or 0.52 percent, to trade at 24,423.39.