Sensex rebounds 639 points as banking, metal stocks shine; Nifty ends above 15,800 – Times of India

Top gainers in the sensex pack included Tech Mahindra, Bajaj Finance, Bharti Airtel, Bajaj Finserv, L&T and Tata Steel. (Representative image)

NEW DELHI: Equity indices surged on Thursday with the benchmark BSE sensex rising over 600 points led by gains in metal, realty and financial stocks.
The 30-share BSE index jumped 639 points or 1.22 per cent to close at 52,837; while the broader NSE Nifty settled 193 points or 1.23 per cent higher at 15,824.
Top gainers in the sensex pack included Tech Mahindra, Bajaj Finance, Bharti Airtel, Bajaj Finserv, L&T and Tata Steel rising as much as 5.65 per cent.
Whereas HUL, Asian Paints, Bajaj Auto and M&M were the only losers falling up to 2.3 per cent.
On the NSE platform, all sub-indices finished in green with Nifty Metal, Realty, Financial Services and Banking rising as much as 2.99 per cent.
“While there is some stress on asset quality, Bajaj Finance did post a fairly decent set of numbers and their guidance for credit cost is pretty encouraging,” Jyoty Roy, deputy vice president, research at Angel Broking told news agency Reuters.
On the global front, US equities recovered sharply in the last two days as strong earnings reported by corporates and buy-on-dips in an improving economy trend overshadowed concerns with regards to spread of delta plus variants in various parts of the world, Modi added.
Meanwhile, foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 2,834.96 crore on Tuesday, as per provisional exchange data.
(With inputs from agencies)