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The equity market rebounded on Wednesday after yesterday's sharp sell-off. The 30-share BSE Sensex rose 106.85 points to 24990.44 and the 50-share NSE Nifty climbed 34.85 points to 7638.05. ICICI Bank, Tata Motors, Lupin, Mahindra & Mahindra, Bharti Airtel, Bajaj Auto, Hero Motocorp, BHEL and Hindalco Industries gained 1-2 percent while Wipro, HDFC, Cipla and NTPC were losers.
Equity benchmarks were marginally higher amid volatility in morning trade. The Sensex rose 56.99 points to 24940.58 and the Nifty advanced 21.95 points to 7625.15, led by auto, telecom, metals and Pharma stocks. The broader markets also traded higher with the BSE Midcap and Smallcap indices rising 0.2 percent and 0.5 percent, respectively.
About 1102 shares advanced against 559 declining shares on Bombay Stock Exchange. Tata Motors, Bharti Airtel, Tata Steel, Hindalco Industries, Coal India, BHEL and M&M gained 1-4 percent while HDFC, Wipro and Cipla fell 0.7 percent each. Asia markets turned higher, shrugging off a global sell-off in equities overnight, as oil prices advanced and activity in China's services sector showed signs of pick-up.
The equity market rebounded on Wednesday after yesterday's sharp sell-off. The 30-share BSE Sensex rose 106.85 points to 24990.44 and the 50-share NSE Nifty climbed 34.85 points to 7638.05. ICICI Bank, Tata Motors, Lupin, Mahindra & Mahindra, Bharti Airtel, Bajaj Auto, Hero Motocorp, BHEL and Hindalco Industries gained 1-2 percent while Wipro, HDFC, Cipla and NTPC were losers.
Equity benchmarks were marginally higher amid volatility in morning trade. The Sensex rose 56.99 points to 24940.58 and the Nifty advanced 21.95 points to 7625.15, led by auto, telecom, metals and Pharma stocks. The broader markets also traded higher with the BSE Midcap and Smallcap indices rising 0.2 percent and 0.5 percent, respectively.
About 1102 shares advanced against 559 declining shares on Bombay Stock Exchange. Tata Motors, Bharti Airtel, Tata Steel, Hindalco Industries, Coal India, BHEL and M&M gained 1-4 percent while HDFC, Wipro and Cipla fell 0.7 percent each. Asia markets turned higher, shrugging off a global sell-off in equities overnight, as oil prices advanced and activity in China's services sector showed signs of pick-up.
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