August 21, 2013 11:01 AM

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Sensex surges over 320 points in early trade

Snapping a three-day down move, the Sensex today jumped by 321 points to 18,568 in early trade. This follows rally in banks and capital goods stocks, on the back of overnight steps taken by RBI to ease liquidity. The 30-share barometer surged by 1.76 per cent, aided by buying in beaten down bluechip stocks. The index had lost over 1,121 points in the previous three sessions. Similarly, the wide-based National Stock Exchange index Nifty recovered 80.85 points to 5,482.30. Meanwhile, in other Asian markets, Hong Kong's Hang Seng index fell by 1.01 per cent, while Japan's Nikkei shed 0.79 per cent in the early trade.Ahead of release of crucial minutes of the Fed meeting held in July, the US Dow Jones Industrial Average ended 0.05 per cent lower in yesterday's trade.

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