Mumbai, Mar 27 (PTI) Benchmark equity indices Sensex and Nifty rebounded in early trade on Wednesday supported by buying in index majors Reliance Industries and Maruti.

The 30-share BSE Sensex climbed 270.18 points to 72,740.48 in early trade. The NSE Nifty went up by 87.35 points to 22,092.05.

Also Read | Delhi Shocker: 32-Year-Old Restaurant Owner Shot Dead by Unidentified Persons in Usmanpur, Multiple Rounds Fired.

From the Sensex basket, Reliance Industries, Maruti, NTPC, Tata Motors, Axis Bank, Bajaj Finance, Hindustan Unilever and Larsen & Toubro were the major gainers.

Infosys, Wipro, IndusInd Bank and Nestle were among the laggards.

Also Read | Tamil Nadu Shocker: Army Official Sexually Assaults 11-Year-Old Adopted Daughter, Murders Her, Wife Attempts Cover-Up; Both Arrested.

In Asian markets, Tokyo quoted in the positive territory, while Seoul, Shanghai and Hong Kong traded lower.

Wall Street ended in the negative territory on Tuesday.

Foreign Institutional Investors (FIIs) turned net buyers on Tuesday, as they bought equities worth Rs 10.13 crore, according to exchange data.

"Investors' attention now turns to key economic data and the upcoming earnings season.

"Despite challenges, potential support for Nifty bulls lies in foreign institutional buying and global market momentum. Volatility is expected to rise ahead of the futures and options (F&O) expiry," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Global oil benchmark Brent crude declined 0.90 per cent to USD 85.47 a barrel.

On Tuesday, the BSE benchmark declined by 361.64 points or 0.50 per cent to settle at 72,470.30. The NSE Nifty dropped 92.05 points or 0.42 per cent to 22,004.70.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)