Sensex, Nifty rebound sharply after four-day rout

On Monday, the Sensex had ended at 52,842.75, down 1,491.06 points or 2.74%

In a highly volatile trade, equity benchmarks Sensex and Nifty rebounded sharply on Tuesday after four days of heavy declines, powered by buying in IT and realty counters.

The 30-share BSE Sensex opened on a weak note and tumbled 581.93 points or 1.10% to 52,260.82 during the day amid firming oil prices and relentless selling by foreign institutional investors.

Facing huge bouts of volatility, the benchmark touched a high of 53,484.26 and a low of 52,260.82 during the trade.

It finally settled at 53,424.09, higher by 581.34 points or 1.10%.

Similarly, the broader NSE Nifty declined 115.75 points or 0.72% to 15,747.40 in opening trade, before finishing at 16,013.45, up 150.30 points or 0.95%.

On Monday, the Sensex had ended at 52,842.75, down 1,491.06 points or 2.74%, while the Nifty tanked 382.20 points or 2.35% to finish at 15,863.15.

From the 30-share pack, Sun Pharma, TCS, Tech Mahindra, NTPC, Wipro, UltraTech Cement, Dr Reddy's Laboratories and Infosys were the major gainers, jumping up to 3.99%.