Sensex soars over 400 points, Nifty reclaims 10,700
Both Sensex and Nifty posted over 1 percentage gains.
New Delhi: After 9-session loss, markets posted sharp rally on Wednesday with gains by sectoral indices led by realty, energy, metal, infrastructure, pharma and FMCG scrips.
Both Sensex and Nifty posted over 1 percentage gains. The BSE Sensex soared 403.65 points or 1.14 percent to 35,756.26 while the NSE Nifty jumped 131.10 points or 1.24 percent to 10,735.45.
In the past nine sessions, the Sensex had lost 1,622.62 points, while the Nifty cracked 465.05 points over eight sessions.
Vedanta was the biggest gainer in the Sensex pack Wednesday, rallying 4.67 percent. Other gainers included Tata Steel, ONGC, NTPC, Yes Bank, Infosys, Sun Pharma, Bharti Airtel, SBI, Bajaj Finance, L&T and RIL, rising up to 4.13 percent.
On the other hand, Hero MotoCorp, HUL, M&M, Bajaj Auto and IndusInd Bank fell up to 0.56 percent.
Domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,163.85 crore, while foreign institutional investors (FIIs) sold shares worth a net of Rs 813.76 crore on Tuesday, provisional data available with BSE showed.
With PTI Inputs