Mumbai: The Bombay Stock Exchange (BSE) rebounded over 200 points on Wednesday due to bargain buying triggered by firming trend on other Asian bourses.

The Sensex, which lost over 271.84 points in the previous session, rebound by 200.42 points or 1.10 per cent to 18,368.06 level, with oil and gas, metals, realty and banking stocks, leading the recovery.

Similarly, the wide-based National Stock Exchange Nifty index also moved up by 57.65 points or 1.05 per cent to 5,507.30 points.

Brokers attributed the rise to fresh buying by funds and retail investors, driven by recovery on other Asian bourses after Tuesday's meltdown in the wake of last week's devastating earthquake in Japan.

Metal sector stocks were back in demand, supported by recovery in base metals at the London Metal Exchange, they said.

Meanwhile, Japan's Nikkei index was trading 4.43 per cent higher but Hong Kong's Hang Seng Index was down by 0.27 per cent in early trade on Wednesday.

(Agencies)