Stock market bounces back; banks, metals shine
Sensex was up 599.34 points, or 0.83 per cent at 73,088.33, while the Nifty was up 151.20 points or 0.69 per cent at 22,147.
Amid weak Asian and European markets, domestic benchmark indices closed Monday’s trading session in the negative zone. The BSE Sensex closed 48 points or 0.16 per cent down at 29,414 while the NSE Nifty ended 12 points or 0.13 per cent lower at 9,139.
However broader markets ended in the positive zone. BSE Midcap and Smallcap indices gained 0.3 per cent and 0.5 per cent respectively.
Among the BSE sectoral indices, Realty index jumped as much as 8.8 per cent to become the top gainer. Metal (down 1.1 per cent), Telecom (down 0.7 per cent) and Power (down 0.6 per cent) indices were among the notable losers.
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On Thursday, the BSE Sensex had closed 182 points or 0.61 per cent down at 29,461 while the NSE Nifty had ended 53 points or 0.57 per cent lower at 9,151. Markets were shut on Friday due to Good Friday holiday.
Meanwhile, Wholesale Price Index (WPI) inflation slipped to 5.70 per cent in March from 6.55 per cent in February, official data stated on Monday.
Top gainers in the Sensex-30 pack: Gail (up 3.6 per cent), Reliance Industries (up 2 per cent), Power Grid (up 1.2 per cent), Dr Reddy’s Labs (up 0.7 per cent) and Maruti Suzuki (up 0.5 per cent).
Top losers in the Sensex-30 pack: NTPC (down 3.3 per cent), Sun Pharma (down 2.2 per cent), Coal India (down 1.8 per cent), Asian Paints (down 1.8 per cent) and ONGC (down 1.1 per cent).
The Rupee closed 10 paise down at 64.51 against the US Dollar.
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