Markets bounce back on value buying; Sensex rises 315 points

Mumbai: Benchmark stock indices Sensex and Nifty rebounded on Friday after value buying in blue-chip banking, oil and gas, and auto shares following recent sharp losses.

The 30-share BSE Sensex climbed 315.20 points, or 0.43%, to settle at 73,895.74 with 19 of its constituents ending higher and 11 down. During the day, it hit a high of 73,968.05 and a low of 73,477.77, gyrating 490.28 points. The index had slid to an over three-month low in the previous session.

Among the Sensex firms, Axis Bank rose the most, climbing by 2.82%. Mahindra & Mahindra jumped 2.24%, Asian Paints 1.93%, Bajaj Finance 1.21%, HCL Tech 1.17% and Titan 1.01%.