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Sensex rebounds 640 pts from day's low to end 135 pts down; Airtel jumps 5%
Bargain hunting in domestic equities helped the markets rebound swiftly from intra-day lows on Wednesday
Topics
MARKET LIVE | Q1 results | Maruti Suzuki
SI Reporter |
Last Updated at July 28, 2021 15:54 IST
EVENT HIGHLIGHTS
Bargain hunting in domestic equities helped the markets rebound swiftly from intra-day lows on Wednesday. The S&P BSE Sensex and the Nifty50 indices had plunged to 51,802 and 15,513 levels, respectively earlier today as investors turned wary ahead of the verdict of the US Federal Reserve's policy meeting. Besides, the ripples of a regulatory crackdown by the Chinese government was also felt by the markets.
At close, the BSE barometer of 30 shares stood at 52,443.71, down 135.05 points or 0.26 per cent while Nifty50 was down 37 points or 0.24 per cent at 15,709.40.
Among Sensex pack of stocks, Bharti Airtel was the best performer (up 5 per cent), followed by Tata Steel (up 3 per cent) and IndusInd Bank (up 1 per cent). Kotak Bank, DRL, M&M and PowerGrid were the top losers.
In the broader markets, the BSE SmallCap index underperformed the headline indices and slipped 0.45 per cent. Meanwhile, BSE Midcap ended unchanged.
Sectorally, all but the Nifty Metal (up 1.12 per cent) and IT (up 0.21 per cent) indices ended in the red with the Nifty PSB Index sliding nearly 2 per cent. Nifty Auto too witnessed heavy selling and was down nearly 1 per cent.
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