The market bounced back on bargain hunting, on the back of positive global cues.
The BSE Sensex opened with a positive gap of 70-odd points at 24,257, and marched higher as the day progressed. The BSE index touched a high of 24,563 during the course of the day, and finally ended 291 points higher at 24,480. The BSE index has shed nearly 2,000 so far this year.
The NSE Nifty settled with a gain of 84 points at 7,435.
Elsewhere in Asia, China’s Shanghai index soared over 3 percent to 3,008. The Hang Seng rallied over 2 percent to 19,636, and the Nikkei added 0.5 percent to 17,048.
Back home, among sectors – the BSE Telecom and Capital Goods indices surged around 3 percent each. The Energy, Healthcare, Finance, Auto, Power and Realty indices were up over a percent each.
The breadth too was fairly positive – out of 2,825 stocks traded on the BSE, 1,733 advanced and 944 declined.
Axis Bank and Adani Ports were the top gainers among the Sensex 30 stocks – each zoomed around 6 percent to Rs 396 and Rs 232, respectively.
Tata Motors and Larsen & Toubro rallied nearly 4 percent each to Rs 355 and Rs 1,124, respectively. ICICI Bank spurted over 3 percent to Rs 230.
Reliance Industries also gained 3 percent at Rs 1,047 ahead of results later today.
Bharti Airtel, Hero MotoCorp, HDFC, ONGC and SBI were the other top gainers.
On the flip side, Wipro and Mahindra & Mahindra slipped over a percent each to Rs 341 and Rs 1,153, respectively.
ITC too was down a percent at Rs 312.
