Markets rebound after three days of fall on optimism in global equities
The Hindu
Equity indices bounce back on Tuesday after three days of fall; HDFC Bank up 1% post Q2 earnings. BSE Sensex up 261 points to 66,428.09; Nifty up 79.75 points to 19,811.50
Equity benchmark indices bounced back on Tuesday (October 17) after three days of fall amid recovery in global markets and buying in HDFC Bank post its quarterly earnings.
The 30-share BSE Sensex climbed 261.16 points or 0.39% to settle at 66,428.09. During the day, it jumped 392.89 points or 0.59% to 66,559.82.
The Nifty gained 79.75 points or 0.40% to 19,811.50.
Among the Sensex firms, Power Grid, Kotak Mahindra Bank, Tech Mahindra, Bajaj Finserv, ITC, Bharti Airtel, Nestle, NTPC, Bajaj Finance, Reliance Industries, Infosys and HDFC Bank were the major gainers.
HDFC Bank ended nearly 1 per cent up after the company reported a consolidated net profit of Rs 16,811 crore for the September quarter, its maiden quarterly earnings announcement after merging parent HDFC with itself.
Tata Motors, Larsen & Toubro, IndusInd Bank, Tata Consultancy Services, JSW Steel and Mahindra & Mahindra were among the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the positive territory.
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