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

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The top winners in the sensex package were Tech Mahindra, Bajaj Finance, Bharti Airtel, Bajaj Finserv, L&T, and Tata Steel. (Representative image)

NEW DELHI: Stock indices rose Thursday with the benchmark BSE sensex rising more than 600 points led by gains in metals, real estate and financials stocks.
The 30-share BSE index rose 639 points or 1.22 percent to close at 52,837; while the broader NSE Nifty stood at 193 points or 1.23 percent higher at 15,825.
The top winners in the sensex package were Tech Mahindra, Bajaj Finance, Bharti Airtel, Bajaj Finserv, L&T and Tata Steel, which rose as much as 5.65%.
While HUL, Asian Paints, Bajaj Auto and M&M were the only losers to fall as much as 2.3 percent.
On the NSE platform, all sub-indices finished in green with Nifty Metal, Realty, Financial Services and Banking up as much as 2.99 percent.
“While there is some asset quality stress, Bajaj Finance released a fairly decent set of figures and their guidance for the cost of credit is quite encouraging,” Jyoty Roy, Angel Broking’s associate vice president of research, told the agency. of Reuters news.
On the global front, US equities rallied dramatically in the past two days, as strong corporate-reported earnings and falling purchases in an improving economic trend overshadowed concerns regarding the spread of delta plus variants in various parts of the world, Modi added.
Meanwhile, foreign institutional investors (FII) were net sellers in the capital market, as they unloaded shares worth Rs 2,834.96 crore on Tuesday, according to interim exchange data.
(With inputs from agencies)

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