After a weak start, Indian equity markets staged a strong recovery on Thursday, erasing early losses to end in positive territory.
The Sensex rose by 185 points, while the Nifty 50 settled above the 22,700 mark, supported by value buying in IT and banking stocks.
The rebound was further aided by a sharp recovery in the rupee, which boosted overall market sentiment and helped lift indices from intraday lows.
The 30-share benchmark index ended at 73319.55 up by 185.23 points or by 0.25 % and then NSE Nifty was at 22713.1 up by 33.7 points or by 0.15 %.
Sensex touched intraday high of 73568.54 and intraday low of 71545.81 The NSE Nifty touched intraday high of 22782.3 and intraday low of 22182.55
The top gainers of the BSE Sensex pack were HCL Technologies Ltd. (Rs. 1401.85,+3.47%), Mahindra & Mahindra Ltd. (Rs. 1441.50,+2.67%), Infosys Ltd. (Rs. 1300.45,+1.90%), Tata Consultancy Services Ltd. (Rs. 2451.65,+1.80%), HDFC Bank Ltd. (Rs. 751.10,+1.21%), among others.
The top losers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 2169.35,-2.46%), Eternal Ltd. (Rs. 231.65,-2.13%), Sun Pharmaceutical Industries Ltd. (Rs. 1699.10,-1.70%), NTPC Ltd. (Rs. 360.00,-1.33%), Reliance Industries Ltd. (Rs. 1350.85,-1.31%), among others.
IT index was at 29288.17 up by 691.32 points or by 2.42%. Latent View Analytics Ltd. (Rs. 311.95,+19.68%), Vakrangee Ltd. (Rs. 6.06,+12.01%), VL E-Governance & IT Solutions Ltd. (Rs. 10.43,+9.91%), Zaggle Prepaid Ocean Services Ltd. (Rs. 234.95,+8.22%), IRIS RegTech Solutions Ltd. (Rs. 233.00,+7.13%),.
CDS index was at 53320.17 down by -465.86 points or by -0.87%. PG Electroplast Ltd. (Rs. 456.00,-5.18%), Amber Enterprises India Ltd. (Rs. 6270.00,-4.48%), Dixon Technologies (India) Ltd. (Rs. 9922.00,-3.21%), Asian Paints Ltd. (Rs. 2169.35,-2.46%), Blue Star Ltd. (Rs. 1532.00,-1.58%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4612 , shares advanced were 2760 while 1667 shares declined and 185 were unchanged.