Sensex Rebounds

Sensex Rebounds: Indian equity benchmarks traded higher on Thursday after a bleak start, supported by gains in automobile, technology, and pharma stocks

New Delhi: 

Indian equity benchmarks traded higher on Thursday after a bleak start, supported by gains in automobile, technology, and pharma stocks. A fall in crude oil prices boosted domestic sentiment today.

Brent crude futures dropped around 1.91 percent to $109.61 per barrel as investors recalibrated assessments of recession risks and fuel demand.

“Commodity prices are lower, especially oil, and that is relatively good for India as it is largely an importer. This could positively impact domestic inflation,” Narendra Solanki, Head of Research at Anand Rathi Investment Services, told news agency Reuters.

Closing Bell: Sensex rebounds after a 1-day break, ends 443 pts higher; Nifty tops 15,550; auto stocks rally up to 7%

The 30-share BSE Sensex jumped 443 points or 0.86 percent to close at 52,266 today, while the broader NSE Nifty moved 143 points or 0.93 percent up to settle at 15,557.

Mid- and small-cap shares finished on a strong note as Nifty Midcap 100 rose 1.21 percent lower and small-cap moved 1.31 percent higher.

The 30-share BSE Sensex jumped 443 points or 0.86 percent to close at 52,266 today, while the broader NSE Nifty moved 143 points or 0.93 percent up to settle at 15,557.

Mid- and small-cap shares finished on a strong note as Nifty Midcap 100 rose 1.21 percent lower and small-cap moved 1.31 percent higher.

Bulls Takeover, Sensex Rebounds, Investors Gain Wealth; Is the Rally Here to Stay?

14 out of the 15 sector gauges — compiled by the National Stock Exchange — settled in the green. Sub-indexes Nifty Auto, Nifty IT, and Nifty Pharma outperformed the platform by rising as much as 4.39 percent, 1.96 percent, and 1.58 percent, respectively. Nifty Oil & Gas ended 0.43 percent lower.

On the stock-specific front, Maruti was the top Nifty gainer as the stock soared 6.65 percent to ₹ 8,300.30. Hero MotoCorp, Eicher Motors, M&M, and Bajaj Auto were also among the gainers.

The overall market breadth stood positive as 2,093 shares advanced while 1,211 declined on BSE.

Stock Market LIVE Updates: Sensex rebounds 443 points led by gains in auto, and IT shares; Nifty ends at 15,557

“Short-term volatility continues to remain high. Broadly expect pressure to continue while limited stock-specific risk definable opportunities are available. Select auto, banking, and midcap energy stocks look attractive from a risk perspective. Expect continuous selling pressure in metals space,” said Sahaj Agrawal, Head of Research, Derivatives at Kotak Securities.

On the 30-share BSE index, Maruti, M&M, Asian Paints, Bharti Airtel, TCS, Sun Pharma, Wipro, Hindustan Unilever, ICICI Bank, L&T, Bajaj Finserv, and Infosys were among the top gainers.

In contrast, Reliance Industries, NTPC, PowerGrid, and UltraTech Cement finished in the red.

Sensex rebounds with 503 points gain led by banking stocks

CommentsAlso, shares of Life Insurance Corporation of India (LIC), the country’s biggest insurer and largest domestic financial investor, slipped 0.55 percent to close at ₹ 664.90 after rising for three

Equity markets witnessed a rebound on Thursday, backed by gains in banking stocks after three days of decline following global trends.

The S&P BSE Sensex gained 503.27 points, or 0.94%, to 54,252.53 points. The top gainers in the index pack include Tata Steel (5.27%), State Bank of India (3.26%), HDFC Bank (2.96%), Axis Bank (2.82%), and Nestle (2.28%) and HDFC (2.28%).

The NSE Nifty-50 index too gained 144.35 points, or 0.90%, to 16,170.15.

“After the heavy sell-off, the market showed signs of exhaustion and could bounce for the short to medium-term,” said Vinod Nair, Head of Research, Geojit Financial Services.

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Closing Bell: Sensex rebound after 1-day break, ends 443 pts higher; Nifty tops 15,550; auto stocks rall

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26-May-2022 — The S&P BSE Sensex gained 503.27 points, or 0.94%, to 54,252.53 points. The top gainers in the index pack include Tata Steel (5.27%), State Bank

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13-May-2022 — The Sensex rebounded in early trade on Friday after falling sharply the previous day and jumped over 635 points, in tandem.

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28-Apr-2022 — Sensex and Nifty rebounded to close over 1 per cent higher on Thursday, … Among BSE sectoral indices, consumer durables and banking shares

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26-May-2022 — Sensex rebounds 503 pts, Nifty tops 16,150; banking stocks shine. Equity markets recovered on Thursday after falling for the past three days 

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15 minutes ago — Stock Market: Sensex Rebounds 443 Points, Nifty Ends Above 15,550; Auto, IT. In the broader markets, the BSE MidCap and SmallCap indices 

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13-May-2022 — The Sensex rebounded in early trade on Friday after falling … The 30-share BSE Sensex was trading 635.43 points higher at 53,565.74.

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7 days ago — Sensex rebounds 601.11 points to 53142.50 in early trade; Nifty jumps 171 points to 15863.15

 

 

 

 

 

 

 

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