Mumbai : Due to support by Pharma and Banking sectors and heavy buying in metals, the Benchmark indices made a splendid rebound on Thursday overcoming losses sustained during the last session even as the markets did not show much volatility.
The 30-share pack Sensex rebounded 675 points to close up 431.64 points or 0.98 per cent to 44,259.74 while NSE Nifty rose 128.60 points or 1 per cent to 12,987.
During November, Foreign investors have been bullish on India as they purchased 58,694 crore worth of equities, accounting for more than half of the foreign investment this calendar year.
According to RBI Governor Shaktikanta Das the festive season gave a boost to the Indian economy which showed stronger rebound but cautioned that investors need to watch demand sustainability after the festive season.
JSW Steel was the biggest gainer, up 7.01 per cent to Rs 362. Among the other major gainers were Tata Steel, Grasim Industries, Bajaj Finance, Shree Cement, Bajaj Auto, Hindalco and Adani Ports.
Among the major losers were Eicher Motors, down 1.57 per cent to 2554.45, Maruti Suzuki, BPCL, HDFC Life Insurance, ONGC, Tech Mahindra, IndusInd Bank and Indian Oil.
All the sectoral indices ended the day in the green. Nifty Metal was the biggest gainer as it rose 3.85 per cent followed by Nifty PSU Bank, Nifty Financial Service and Nifty Pharma which rose 1.5 per cent each.
The markets was in favour of gainers as 1764 stocks ended in the green. A total of 131 securities hit 52-week highs mostly from the Smallcap space. About 320 stocks touched the upper circuit limits and 186 lower circuit limits.
European Markets were trading with cuts. Barring Singapore which came down 0.42 per cent, all the Asian Markets ended the day with gains, Jakarta being the biggest gainer rising 1.42 per cent.
