Markets rebound after heavy decline in previous trade; Sensex, Nifty rally nearly 3%
The Hindu
All the Sensex firms ended in the green.
Equity benchmarks bounced back sharply on Friday after facing a heavy drubbing in the previous trade, with the Sensex and Nifty jumping nearly 3%, aided by positive trends from global markets and across-the-board buying.
Index majors Reliance Industries and HDFC twins saw robust buying, helping the benchmarks.
The 30-share BSE Sensex rallied 1,534.16 points or 2.91% to settle at 54,326.39. During the day, it zoomed 1,604.2 points or 3.03% to 54,396.43.
The broader NSE Nifty jumped 456.75 points or 2.89% to finish at 16,266.15.
All the Sensex firms ended in the green, with Dr Reddy's, Reliance Industries, Tata Steel, Nestle, Larsen & Toubro, Axis Bank, IndusInd Bank, Sun Pharma, State Bank of India and HDFC emerging as the biggest gainers.
The BSE benchmark had dived 1,416.30 points or 2.61% to settle at 52,792.23 on Thursday. The NSE Nifty had tanked 430.90 points or 2.65% to end at 15,809.40.
Meanwhile, Asian markets in Hong Kong, Shanghai, Seoul and Tokyo finished in the green.
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