Mumbai: Snapping a losing streak of last three sessions, the BSE Sensex on Wednesday bounced back by 478.59 pts at 57,625.91 on the strength of Realty, Bankex, FMCG and Power stocks.
The Nifty of National Stock Exchange (NSE) too gained 140.05 pts at 17,123.60.
The sensex moved up 165 pts to open at 57,312.49. During the session, it was spurted 540 pts at 57,687.64, days high, before closing at 57,625.91, up 478.59 pts from its previous close.
In scrips, Powergrid was a major gainer, rising by 3.60 pc to Rs 215.80 followed by Axis Bank by 2.84 pc to Rs 808, IndusInd Bank by 2.33 pc to Rs 1191.55, NTPC by 2.30 pc to Rs 164.70 and M & M by 2.14 pc to Rs 1254.85.
The losers were Asian Paints by 1.51 pc to Rs 3250.50, Dr Reddy’s Lab by 1.25 pc to Rs 4230.05, Bharti Airtel by 0.52 pc to Rs 776 and ICICI Bank by 0.22 pc to Rs 867.15.
The Mid Cap rose by 0.66 pc and Small Cap by 0.22 pc.
In 30 pc, 24 advanced while 6 declined. Asian Market was seen weak, as Australia fell by 0.03 pc followed by Hong Kong by 0.83 pc, Japan by 0.02 pc and Taiwan by 0.19 pc.