Markets rebound sharply on buying in bank stocks firm global trends
The Hindu
The 30-share BSE Sensex jumped 941.12 points or 1.28% to settle at 74,671.28. During the day, it zoomed 990.99 points or 1.34% to 74,721.15
Benchmark BSE Sensex rebounded sharply by 941 points while NSE Nifty closed above the 22,600 level on April 29 on the back of buying in banking and infra shares and a global stocks rally.
The 30-share BSE Sensex jumped 941.12 points or 1.28% to settle at 74,671.28. During the day, it zoomed 990.99 points or 1.34% to 74,721.15.
The NSE Nifty went up by 223.45 points or 1% to 22,643.40.
From the Sensex basket, ICICI Bank climbed nearly 5% after the company on Saturday said its March quarter consolidated net profit grew 18.5% to ₹11,672 crore, helped by lower provisions.
IndusInd Bank, UltraTech Cement, State Bank of India, Axis Bank, Kotak Mahindra Bank, Tata Consultancy Services, Bajaj Finance and HDFC Bank were the other major gainers.
HCL Technologies tanked nearly 6% after the company reported a flat year-on-year growth in net profit in the March quarter at ₹3,986 crore.
ITC, Wipro and Bajaj Finserv were the other laggards.
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