Sensex, Nifty bounced back from days lows by nearly 1%. Hitachi Energy India, Oberoi Realty, Bharti Airtel were in focus on Thursday. According to an expert, Bharti Airtel seems to be consolidating in the range of 1,295-1,360 in the last few sessions.
Rally was seen in power and utilities indices, which were up over 1% each, followed by gains in auto and metal stocks. Some profit taking was seen in banks, telecom and consumer durables.
Sensex rose 363 points while the Nifty closed at 22,462. Buying was seen in realty, metal, telecom and utilities while auto and consumer durables stock saw some selling pressure.
Sensex jumps over 500 points today. Capital goods, consumer durables, realty, and power stocks saw buying action while public sector, IT, metal and FMCG stocks saw selling pressure.
The Nifty50 closed flat with a positive bias at 22,335 while the S&P BSE Sensex closed with gains of more than 160 points. Sectorally, buying was seen in IT stocks while some selloff was seen in realty, public sector, utilities, power, and capital goods stocks.