New Delhi, July 9 -- Indiabulls shares hit the 5% upper circuit on Thursday, 9 July, as a broader rebound in the stock market lifted investor sentiment.

The recovery came after benchmark indices bounced back on value buying, with investors shifting their focus to first-quarter earnings and domestic macroeconomic trends. The Sensex gained 238 points, or 0.31%, to close at 76,741.82, while the Nifty 50 rose 81 points, or 0.34%, to settle at 23,962.80.

Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, said the stock has resumed its primary uptrend after two sessions of profit booking. He noted that the stock has rallied sharply from its March low of Rs.9 to trade above Rs.29, with every decline witnessing buying interes...