Mumbai, Sept. 16 -- Market benchmark indices Sensex and Nifty rebounded on Wednesday on value buying after falling sharply in the previous session, with bank stocks driving the rally in equities.
The 30-share BSE Sensex climbed 332.63 points, or 0.45 per cent, to settle at 74,336.45. During the day, it jumped 502.04 points, or 0.67 per cent, to 74,505.86.
The 50-share NSE Nifty was up 99 points, or 0.43 per cent, to end at 23,217.60. Among the 30 Sensex firms, ITC, State Bank of India, Axis Bank, Trent, Mahindra & Mahindra and Bharat Electronics were the major winners.
Tata Consultancy Services, Infosys, Tech Mahindra and Bajaj Finserv were among the laggards.
Brent crude, the global oil benchmark, dipped 0.83 per cent to USD 107.8 per barrel.
The BSE SmallCap Select index edged higher by 0.29 per cent and the MidCap Select index was up 0.26 per cent.
Among the BSE sectoral indices, Insurance jumped 2.05 per cent, FMCG 1.44 per cent, PSU Bank 1.14 per cent, Realty 0.95 per cent, Top 10 Banks 0.83 per cent, Oil & Gas 0.77 per cent and Energy 0.73 per cent. Focused IT tanked 1.52 per cent, IT 1.42 per cent, Power 0.48 per cent, Housing Finance 0.37 per cent, Industrials 0.30 per cent and Hospitals 0.23
per cent.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite index and Hong Kong's Hang Seng index ended in the positive territory.
Markets in Europe were trading higher. US markets ended lower on Tuesday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,977.86 crore on Tuesday, according to exchange data.
On Tuesday, the Sensex tumbled 777.94 points, or 1.04 per cent, to settle at a three-month low of 74,003.82. The Nifty dropped 279.50 points, or 1.19 per cent, to end at 23,118.60, the lowest closing level since April 6.
Published by HT Digital Content Services with permission from Millennium Post.