SENSEX, NIFTY rebound on buying in Infosys, HDFC Bank, firm global trends

Benchmark SENSEX rebounded nearly 567 points and NIFTY regained 23,150 level on Wednesday following gains in blue-chip stocks Infosys, HDFC Bank and Tata Consultancy Services, and firm global trends.

The 30-share BSE SENSEX surged 566.63 points or 0.75% to close at 76,404.99. During the day, the benchmark surged 624.77 points or 0.82% to hit an intraday high of 76,463.13 on the BSE.

On similar lines, the broader NIFTY50 climbed 130.70 points or 0.57% to settle at 23,155.35. In the intraday session, the NIFTY rose 144.9 points or 0.63% to 23,169.55 on the NSE.

Among SENSEX shares, Infosys, Tata Consultancy Services, Tech Mahindra, Sun Pharmaceutical, Bajaj Finserv, HCL Technologies, Bajaj Finance, HDFC Bank, IndusInd Bank and Kotak Mahindra Bank were among the gainers.

Tata Motors, PowerGrid, Axis Bank, State Bank of India, NTPC, Tata Steel and Adani Ports were the major laggards.

European markets were trading higher on Wednesday. In Asian markets, Tokyo and Seoul were settled on a positive note while Hong Kong and Shanghai closed in the negative territory. Wall Street had ended higher on Tuesday.

International oil benchmark Brent Crude was trading 0.49% higher at $79.68 a barrel.

Foreign Institutional Investors (FIIs) offloaded shares worth ₹5,920.28 crore on Tuesday.

The BSE SENSEX plummeted 1,235.08 points to settle at 75,838.36 and the broader NSE Nifty plunged 320.10 points to close at 23,024.65 on Tuesday.