Stock Market update: Sensex rebounds over 300 pts; RIL rallies 5 pc

DN Bureau

Equity benchmark Sensex rallied over 300 points in opening session on Wednesday led by gains in Reliance Industries, ICICI Bank and HDFC amid mixed cues from global markets.

BSE
BSE

Mumbai: Equity benchmark Sensex rallied over 300 points in opening session on Wednesday led by gains in Reliance Industries, ICICI Bank and HDFC amid mixed cues from global markets.

After surging 308 points in highly volatile trade, the 30-share index was up 72.14 points, or 0.20 per cent, at 35,707.09, and the NSE Nifty rose 22.20 points, or 0.21 per cent, to 10,473.65.

Also Read: Sensex rallies over 500 pts; Nifty tests 11,300 

In the previous session on Monday, the BSE Sensex crashed over 1,941 points and the NSE Nifty tumbled 538 points, positing their biggest ever single-day drop in absolute terms.

On a net basis, foreign institutional investors (FPIs) sold equities worth Rs 6,595.56 crore, while domestic institutional investors bought shares worth Rs 4,974.80 crore on Monday, data available with stock exchanges showed.

Also Read: Sensex, Nifty start on a choppy note; TCS shares fall 

Stock exchanges in the US ended sharply higher on Tuesday on hopes of US economic stimulus efforts as the coronavirus continued to spread rapidly.The rupee appreciated 23 paise to 73.93 against the US dollar in morning session.

Global oil benchmark Brent crude futures jumped 3.41 per cent to USD 38.49 per barrel.

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