Mumbai, Oct. 9 -- Stock markets bounced back on Friday after two days of sharp decline, with the benchmark Sensex rallying 879 points and the Nifty ending above 22,500, led by a rally in TCS, other IT stocks and easing crude oil prices.
The 30-share BSE Sensex jumped 879.09 points, or 1.23 per cent, to settle at 72,472.33.
The 50-share NSE Nifty rallied 288.65 points, or 1.30 per cent, to end at 22,520.45.
From the 30 Sensex firms, ITC, TCS, Adani Ports, Infosys, HCL Tech, Larsen & Toubro and HDFC Bank were among the major gainers.
Reliance Industries was the only laggard from the blue-chip pack.
Brent crude, the global oil benchmark, declined 1.32 per cent to $102.9 per barrel.
The BSE MidCap Select index jumped 1.59 per cent, SmallCap Select index climbed 0.56 per cent. All BSE sectoral indices ended higher. Focused IT surged 2.96 per cent, IT 2.91 per cent, Hospitals 2.46 per cent, FMCG 2.02 per cent, MidSmall Private Banks Quality Tilt 1.91 per cent, Services 1.71 per cent, MidSmall Private Banks 1.53 per cent, Insurance 1.45 per cent, PSU Bank 1.37 per cent and Private Banks index 1.25 per cent.
A total of 2,516 stocks advanced, while 1,867 declined and 227 remained unchanged on the BSE.
FIIs offloaded equities worth Rs 12,943.58 crore on Thursday, according to exchange data.
Published by HT Digital Content Services with permission from Millennium Post.