Markets Rebound Amid Buying in Bank Stocks; Sensex Soars 800 pts
Rebounding in early session, Sensex surged by 835.2 points or 1.02% to 82,021.64., while Nifty climbed 262.3 points or 1.06% to 24,946.20.
Markets Rebound Amid Buying in Bank Stocks; Sensex Soars 800 pts
Indian benchmark indices bounced back in the morning trade today after a poor session yesterday. The surge came on the back of heightened buying in blue-chip bank stocks and
Rebounding in the early session, Sensex surged by 835.2 points or 1.02% to 82,021.64., while Nifty climbed 262.3 points or 1.06% to 24,946.20.
Sun Pharma, Bajaj Finance, UltraTech Cement, Mahindra & Mahindra, Bajaj Finserv, Tech Mahindra, HDFC Bank and Tata Motors were the top gainers on the Sensex. Only IndusInd Bank emerged as the top loser.
According to Moody’s Ratings, India is capable enough to deal with external shocks as domestic growth drivers and low dependence on exports can keep the economy afloat.
Among Asian peers, South Korea’s Kospi, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng traded in green, while Japan’s Nikkei 225 index fell.
US Markets had a weak session on Tuesday.
Foreign Institutional Investors (FIIs) sold domestic equities worth ₹10,016.10 crore on Tuesday.
Sensex fell by 872.98 points or 1.06% to close at 81,186.44. Nifty closed at 24,683.90, down 261.55 points or 1.05%.
