Markets rebound after three days of fall on optimism in global equities

 

Mumbai, October 17

Equity benchmark indices bounced back on Tuesday after three days of fall amid recovery in global markets and buying in HDFC Bank post its quarterly earnings.

The 30-share BSE Sensex climbed 261.16 points or 0.39 per cent to settle at 66,428.09. During the day, it jumped 392.89 points or 0.59 per cent to 66,559.82.

The Nifty gained 79.75 points or 0.40 per cent to 19,811.50.

Among the Sensex firms, Power Grid, Kotak Mahindra Bank, Tech Mahindra, Bajaj Finserv, ITC, Bharti Airtel, Nestle, NTPC, Bajaj Finance, Reliance Industries, Infosys and HDFC Bank were the major gainers.

European markets were trading in the green. The US markets had ended with gains on Monday.

Global oil benchmark Brent crude climbed 0.48 per cent to USD 90.08 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 593.66 crore on Monday, according to exchange data.