Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
The Hindu
Sensex and Nifty rebound in early trade on April 29, led by global rally and gains in ICICI Bank.
Equity benchmark indices Sensex and Nifty rebounded in early deals on April 29 in tandem with a rally in global markets and buying in ICICI Bank and Reliance Industries.
The 30-share BSE Sensex jumped 411.15 points to 74,141.31 in early trade. The NSE Nifty went up by 94.2 points to 22,514.15.
From the Sensex basket, ICICI Bank climbed nearly 2% after the company on April 27 said its March quarter consolidated net profit grew 18.5% to ₹11,672 crore, helped by lower provisions.
IndusInd Bank, Tech Mahindra, Maruti, Sun Pharma, Reliance Industries and Tata Steel were the other major gainers.
HCL Technologies, Mahindra & Mahindra, ITC and Power Grid were the laggards.
In Asian markets, Seoul, Shanghai and Hong Kong were trading in the positive territory.
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