Mumbai: Benchmark equity indices Sensex and Nifty rebounded nearly 1 per cent on Wednesday after falling sharply in the previous session, propelled by softening crude oil prices and hectic buying in bank, financial and IT shares.
The 30-share BSE Sensex jumped 790.54 points, or 1.04 per cent, to settle at 76,991.22. During the day, it surged 989.69 points, or 1.29 per cent, to 77,190.37.
The 50-share NSE Nifty climbed 197.55 points, or 0.83 per cent, to end at 24,021.65.
Maruti, Bharti Airtel, NTPC and Tata Steel were among the laggards.
Foreign Institutional Investors (FIIs) bought equities worth Rs 17.86 crore on Tuesday, according to exchange data.
Brent crude, the global oil benchmark, traded 1.02 per cent lower at USD 76.29 per barrel.
In Asian markets, South Korea’s Kospi and Hong Kong’s Hang Seng index quoted higher, while Japan’s Nikkei 225 index and Shanghai’s SSE Composite index traded lower.
US markets ended sharply lower on Tuesday. The Nasdaq Composite tumbled 2.21 per cent and the S&P 500 dropped 1.44 per cent.
