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.
Snapping four-day winning streak, Indian equity markets started Thursday’s trading session on a weak note.
At 9.50 am, the Sensex at the BSE was trading four points down at 26,649 while the Nifty at the NSE was trading 11 points lower at 8,214.
In the broader markets, BSE Midcap and Smallcap indices slipped 0.5 per cent and 0.1 per cent respectively.
Among the BSE sectoral indices, Healthcare index jumped the most, up 0.2 per cent, while Auto index became the top loser, down 0.6 per cent.
On Wednesday, the Sensex had closed 259 points up at 26,653 and the Nifty had ended 82 points higher at 8,225.
Top gainers in the Sensex-30 pack: Gail (up 3 per cent), ONGC (up 2.7 per cent), Reliance Industries (up 1.4 per cent), HDFC (up 0.9 per cent) and Lupin (up 0.7 per cent).
Top losers in the Sensex-30 pack: Asian Paints (down 2.6 per cent), Power Grid (down 1.4 per cent), Tata Motors (down 1.3 per cent), Bharti Airtel (down 1.1 per cent) and Adani Ports (down 0.7 per cent).
Meanwhile, the Rupee was trading four paise down at 68.42 against the US Dollar.
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