Mumbai: Market benchmark indices Sensex and Nifty rebounded on Wednesday on value buying after a sharp fall in the previous session, with banking stocks driving the rally.
The 30-share BSE Sensex climbed 332.63 points, or 0.45%, to settle at 74,336.45. During the day, it jumped 502.04 points, or 0.67%, to 74,505.86.
“Indian equities staged a measured recovery on Wednesday, supported by value buying in banking stocks and select heavyweight counters following Tuesday’s sharp decline,” said Hariselvan Radhakrishnan, Founder and CEO of HST Wealth.
