Sensex jumps 200 points to 74,050, Nifty at 22,450 level
Mumbai: Equity benchmark indices witnessed a sharp recovery in Thrusday’s intra-day trading session on the back of buygin interest in banking and select IT and FMCG shares.
The S&P BSE Sensex, which, hit a low of 73,556 in early deals owing to weak global cues, rebounded and quoted up 200 points at 74,050 levels. The NSE Nifty 50 was seen hovering around the 22,450 levels.
Among the Sensex 30 shares, Axis Bank surged 4 per cent on reporting profit of Rs7,129 crore in Q4 as against a loss in the corresponding quarter a year ago. HCL Technologies, HDFC Bank and ITC were the other notable gainers.
Kotak Bank plunged over 9 per cent to Rs1,673 after the Reserve Bank of India (RBI) barred the private lender from issuing new credit cards. Analysts have now turned bearish on Kotak Bank
The broader indices were also in the positive zone. The BSE MidCap was up 0.1 per cent, while the SmallCap added 0.3 per cent.
Overnight, in US market ended on a flat note, but futures declined up to 1 per cent in post market trade as Meta stock plunged 16 per cent on weaker-than-expected revenue guidance. Tonight, apart from the big tech earnings, US investors will also seek direction the GDP numbers.
Near home this morning, Nikkei, Straits Times, Taiwan and Kospi were down around 1 per cent each.
