Markets rebound after 3-day decline; Sensex rose 300 points


MUMBAI: Benchmark indices bounced back on Monday after three days of declines, helped largely by buying at banking counters.
After a poor start, the 30-share BSE Sensex It regained lost ground and ended up 300.44 points, or 0.51 percent, at 59,141.23.
It gained 436.76 points, or 0.74 percent, to 59,277.55 during the day.
This NSE Nifty It closed up 91.40 points or 0.52 percent at 17,622.25.
Among the Sensex pack, Mahindra & Mahindra, Bajaj Finance, State Bank of India, Hindustan Unilever, Nestlé and Bajaj Finserv were among the major gainers.
Tata Steel, ICICI Bank, Power Grid and ICICI Bank were lagging behind.
Elsewhere in Asia, markets in Seoul, Shanghai, Tokyo and Hong Kong closed lower.
European equity markets were also being quoted in negative territory. US markets closed lower on Friday.
Meanwhile, international oil benchmark Brent crude fell 1.37 percent to $90.10 a barrel.
Foreign Institutional Investors (FIIs) on Friday netted Rs. 3,260.05 crore worth of shares were sold, according to data available with BSE.

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