The benchmark BSE Sensex fell 609.28 points or 0.82% to settle at 73,730.16 on Friday. File. | Photo source: Reuters
The benchmark BSE Sensex rebounded sharply by 941 points while the NSE Nifty closed above the 22,600 level on April 29 on buying in banking and infra stocks and a rally in global equities.
The 30-share BSE Sensex jumped 941.12 points or 1.28% to settle at 74,671.28. On the day, it rose 990.99 points, or 1.34%, to 74,721.15.
The NSE Nifty index rose 223.45 points or 1% to 22,643.40.
ICICI Bank’s Sensex basket rose nearly 5% after the company on Saturday reported consolidated net profit for March rose 18.5% to ₹ 11,672 crore, helped by lower provisions.
IndusInd Bank, UltraTech Cement, State Bank of India, Axis Bank, Kotak Mahindra Bank, Tata Consultancy Services, Bajaj Finance and HDFC Bank were the other substantial gainers.
HCL Technologies lost almost 6% after the company reported a steady year-on-year rise in net profit at ₹3,986 crore in March.
Other laggards were ITC, Wipro and Bajaj Finserv.
On Asian markets, Seoul, Shanghai and Hong Kong achieved positive results.
The atmosphere in European markets was mixed. Friday’s session on Wall Street ended with gains.
“Indian benchmark indices rebounded, helped by a powerful performance in the US technology quarter and a decline in US 10-year bond yields. In the domestic market, Bank Nifty outperformed, helped by powerful performance in the fourth quarter. Easing tensions in the Middle East coupled with stable earnings are expected to maintain positive market sentiment,” said Vinod Nair, Research Director, Geojit Financial Services.
Global price benchmark Brent crude fell 0.51% to $89.04 a barrel.
According to stock exchange data, foreign institutional investors (FIIs) withdrew shares worth ₹ 3,408.88 crore on Friday.
The benchmark BSE Sensex fell 609.28 points or 0.82% to settle at 73,730.16 on Friday. The NSE Nifty index fell 150.40 points or 0.67% to 22,419.95.
