Sensex, Nifty Auto, IT stocks rebound sharply by about 1%


MUMBAI: The equity benchmark Sensex and Nifty closed nearly 1 per cent higher on Thursday on rising banking, IT and auto shares amid mixed global trends.
The 30-share BSE benchmark Sensex rose 443.19 points, or 0.86 per cent, to settle at 52,265.72. During the day, it rose 694.26 points, or 1.33 per cent, to 52,516.79.
This NSE Nifty 143.35 points or 0.93 per cent to 15,556.65.
Among the Sensex packs were Maruti, M&M, Asian Paints, Bharti Airtel, TCS, Sun Pharma, Wipro, ICICI Bank and Hindustan Unilever.
Reliance Industries, on the other hand, lags behind NTPC, Power Grid and Ultratech Cement.
Elsewhere in Asia, stock markets in Hong Kong, Shanghai and Tokyo ended with gains while Seoul stabilized at the bottom. European markets were trading at the red mark in mid-term trading.
US markets closed marginally lower on Wednesday.
“Indian markets opened on a positive note following the Asian market peers, mostly trading in green led by China. Markets adjusted some of their gains during the afternoon session as European markets struggled to overcome the fear of recession but managed to trade. Were green. “Said Narendra Solanki, Head – Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers.
The 30-share BSE benchmark Sensex fell 709.54 points, or 1.35 per cent, to settle at 51,822.53 on Wednesday. The NSE Nifty fell 225.50 points, or 1.44 per cent, to close at 15,413.30.
International oil benchmark Brent crude fell 1.92 percent to 9 109.60 a barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital market as they traded higher at Rs. Sold 2,920.61 crore shares, according to exchange data.

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