Sensex, Nifty bounce back after 8 days of fall; end nearly 1% higher
The Hindu
SBI, Axis Bank, IndusInd Bank, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Maruti Suzuki, Tata Steel and Tata Motors were the major gainers.
Stock market benchmarks ended nearly 1% higher on Wednesday, halting their eight days of decline, amid gains in Asian and European equity exchanges.
The BSE Sensex advanced 448.96 points or 0.76% to settle at 59,411.08 after a positive beginning. During the day, it jumped 513.33 points or 0.87% to 59,475.45.
The NSE Nifty climbed 146.95 points or 0.85% to end at 17,450.90.
In the past eight days, the BSE benchmark had tumbled 2,357.39 points or 3.84%, and the Nifty declined 731.9 points or 4.22%.
From the Sensex pack, State Bank of India, Axis Bank, IndusInd Bank, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Maruti Suzuki, Tata Steel and Tata Motors were the major gainers.
Power Grid and HDFC Bank were the laggards from the pack.
In Asian markets, Japan, China and Hong Kong ended in the positive territory.