Sensex rebounds on fag-end buying; Airtel, banking stocks spurt
The Hindu
The market breadth was in favour of the bulls, with 19 advances and 11 declines
Equity benchmarks closed in the positive territory after trading lower for the most part of the session on Thursday on fag-end buying in telecom, banking and metal stocks amid expiry of monthly derivative contracts.
The 30-share BSE Sensex climbed 223.60 points or 0.37% to settle at 61,133.88. During the day, it had declined 431.22 points or 0.70% to 60,479.06.
Similarly, the broader NSE Nifty gained 68.50 points or 0.38% to end at 18,191.
Bharti Airtel topped the Sensex gainers' chart with a jump of 1.99%, followed by SBI, Tata Steel, IndusInd Bank, Axis Bank, Sun Pharma and ICICI Bank.
In contrast, Tata Motors, Titan, UltraTech Cement, Hindustan Unilever, Bajaj Finserv and Larsen & Toubro were the prominent laggards, shedding up to 1.41%.
The market breadth was in favour of the bulls, with 19 advances and 11 declines.
"Markets shrugged off intra-day volatility as last hour buying helped key indices end in the green. Investors covered their positions on the last day of the December monthly expiry, fuelling an upsurge in metals, banking and oil & gas shares on hopes of a demand revival after China lifted COVID-related restrictions.
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