Equity benchmarks saw sharp rebound today after falling for the last five
consecutive sessions. The Sensex climbed 316.70 points or 1.19 percent to
27026.83 and the Nifty rose 97.05 points or 1.21 percent to 8126.85 after Fed
meet outcome.
The BSE Midcap and Smallcap indices jumped 2.3 percent and 2.7 percent,
respectively. More than five shares advanced for every share declining on the
Bombay Stock Exchange.
Major lenders like State Bank of India, ICICI Bank and Axis Bank gained 2-3
percent while state-run power equipment maker BHEL topped the buying list on
Sensex, up 4 percent.
Cigarette major ITC rebounded with a percent gain after seeing a marginal
fall in early trade. Engineering and construction major L&T gained 1.7
percent after Canada Pension Plan Investment Board through its subsidiary made
initial investment of Rs 1,000 crore in L&T IDPL (the subsidiary of
L&T).
Tata Steel climbed 3 percent after sources said the steel maker restarted
iron ore production from two Odisha mines. Odisha government on Tuesday allowed
Tata Steel to operate 4 iron ore mines.
Among others, Hindalco Industries and Tata Power surged 3 percent each
followed by Tata Motors, ONGC, Maruti, Bajaj Auot, Cipla, NTPC, Bharti Airtel,
Gail and Sesa Sterlite with 1-2 percent gain. More information please
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