Stock markets rebound on positive trend in Asian, European equities

Sensex, Nifty rebound on Wednesday; Reliance, L&T, ITC gain. BSE Sensex rose 0.26% to 66,118.69, Nifty gained 0.26% to 19,716.45. Asian markets, European markets in green

Benchmark equity indices Sensex and Nifty rebounded from early lows to settle higher on Wednesday (September 27) following buying in Reliance Industries, Larsen & Toubro and ITC and positive trends in Asian and European markets.

The 30-share BSE Sensex rose by 173.22 points or 0.26% to settle at 66,118.69. The index opened lower and fell further to a low of 65,549.96 in morning trade. However, buying in Reliance, L&T, Infosys and Maruti helped it recover losses. Later it jumped 226.8 points or 0.34% to a high of 66,172.27.

The Nifty gained 51.75 points or 0.26% to end at 19,716.45. It moved between a low of 19,554 and a high of 19,730.70 in day trading.

Among the Sensex firms, Larsen & Toubro, ITC, Sun Pharma, Maruti, Reliance Industries, Axis Bank, IndusInd Bank and Hindustan Unilever were among the gainers.

Titan, State Bank of India, ICICI Bank, HDFC Bank, Tata Steel and Nestle were the major laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the green. European markets were trading mostly in positive territory. The U.S. markets ended lower on Tuesday.

Global oil benchmark Brent crude climbed 0.98% to $94.88 a barrel.