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 two-day losing streak amid value buying at lower levels, Indian equity markets started Wednesday’s trading session in the positive zone.
At 9.50 am, the Sensex at the BSE was trading 86 points higher at 26,391 while the Nifty at the NSE was trading 20 points up at 8,129.
In the broader markets, BSE Midcap index rose 0.1 per cent while Smallcap index shed 0.2 per cent.
Among the BSE sectoral indices, IT index jumped the most, up 1.6 per cent, while Consumer Durables index became the top loser, down 2.3 per cent.
On Tuesday, the Sensex had closed 514 points down at 26,305 and the Nifty had closed 188 points lower at 8,108.
Top gainers in the Sensex-30 pack: TCS (up 3.1 per cent), Asian Paints (up 2.9 per cent), ONGC (up 2.6 per cent), ICICI Bank (up 2.4 per cent) and Maruti Suzuki (up 2.1 per cent).
Top losers in the Sensex-30 pack: Tata Steel (down 2.4 per cent), Lupin (down 2.2 per cent), Cipla (down 1.4 per cent), Adani Ports (down 1.2 per cent) and HDFC Bank (down 0.8 per cent).
Meanwhile, the Rupee was trading six paise higher at 67.68 against the US Dollar.
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