Markets bounce back after falling in early trade
The Hindu
Benchmark indices Sensex and Nifty rebounded, led by Bajaj Finance and Bajaj Finserv, despite early losses and FII selling.
Benchmark indices Sensex and Nifty bounced back after falling in early trade largely due to buying in Bajaj Finance and Bajaj Finserv.
Buying in smallcap and midcap stocks also added to the optimistic trend in equities.
The 30-share BSE benchmark Sensex declined 106.13 points to 76,426.83 in early trade. The NSE Nifty dipped 23.9 points to 23,139.20.
However, soon both the benchmark indices recovered all the early lost ground and were trading higher. The BSE benchmark quoted 104.79 points higher at 76,655.65, while the Nifty traded 64.30 points up at 23,227.40.
From the 30-share blue-chip pack, Tata Motors tanked nearly 8% after the firm reported a 22% fall in consolidated net profit to ₹5,578 crore for the third quarter ended December 2024, impacted by a decline in revenue from its passenger and commercial vehicles divisions.
ITC Hotels, Infosys, UltraTech Cement, ICICI Bank and Titan were the other laggards.
However, Bajaj Finance traded 4.52% higher followed by Bajaj Finserv which climbed over 3%.
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