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Sensex gains over 300 points as regional markets rebound

Sensex gains over 300 points as regional markets rebound - On Tuesday, Sensex was up by 383.27 points in early trade, whereas Nifty was up by more than 80 points post India's share markets plummeting almost 6% on Monday.

Indian shares increased over one percent with regional markets recovering in spite of sustained fears that the economy of China was risking a tough landing.

The NSE index rose 1.11% after dipping almost 6% and reaching its minimum intraday level on Monday since October 2014.

The BSE index gained 1.2% post reaching its lowest intraday level on Monday since August 2014.

On Tuesday, a majority of the Asian markets opened slightly positive, bourses in Indonesia, Hong Kong, Singapore and Taiwan were trading watchfully though Shanghai stocks dropped 6.41% at the open.

In early trade at the Interbank Foreign Exchange, the rupee recovered by 26 paise to 66.39 against the dollar on selling of the US currency by exporters and banks.

Dhananjay Sinha, institutional research head at Emkay Global Financial Services said in a statement "India runs a trade deficit of about $50bn with China and the total trade to China is near 10% of India's total trade".