MUMBAI: Benchmark indices Sensex and Nifty made a rebound on Tuesday after two consecutive sessions of steep losses, supported by strong buying in banking and rate-sensitive stocks.
The rebound came as the Reserve Bank of India decided to inject liquidity into the financial system. The 30-share Sensex climbed 535.24 points or 0.71 per cent to close at 75,901.41. Earlier in the session, it surged by 1,146.79 points or 1.52 per cent to hit an intraday high of 76,512.96.
The broader 50-share Nifty advanced by 128.10 points or 0.56 per cent to settle at 22,957.25, after rising by 308.8 points or 1.35 per cent to touch an intraday peak of 23,137.95.
Gainers
Among the Sensex constituents, Bajaj Finance, Axis Bank, Bajaj Finserv, HDFC Bank, Tata Motors, Tata Steel, ICICI Bank, Mahindra & Mahindra, Zomato, IndusInd Bank, Maruti Suzuki India, and Bharti Airtel were the prominent gainers.
On the other hand, Sun Pharmaceutical, Larsen & Toubro, ITC, HCL Technologies, NTPC, Power Grid, Nestle India, Tata Consultancy Services (TCS), and Asian Paints ended in the red.
In Asian markets, Tokyo closed lower, while Hong Kong ended higher. Markets in Seoul and Shanghai remained shut due to holidays.
European markets traded higher in the early session, with Britain’s FTSE 100 rising 0.55 per cent, Germany’s DAX up 0.44 per cent, and France’s CAC 40 advancing by 0.33 per cent.
Meanwhile, US markets closed lower on Monday.
Global oil benchmark Brent crude rose by 0.62 per cent to $77.56 a barrel.
On Monday, the Sensex had plunged 824.29 points to close at 75,366.17, while the Nifty dropped 263.05 points to settle at 22,829.15.
