Sensex, Nifty rebound after deep plunge to settle nearly 1% higher | Business News

Equity benchmark indices Sensex and Nifty rebounded on Friday, surging nearly 1 per cent each, amid buying in frontline stocks Bharti Airtel and Reliance Industries.

The BSE benchmark Sensex jumped 759.05 points, or 0.96 per cent, to settle at 79,802.79.

During the day, it soared 880.16 points, or 1.11 per cent, to 79,923.90.

The NSE Nifty 50 climbed 216.95 points, or 0.91 per cent, to 24,131.10.

From the 30-share Sensex pack, Bharti Airtel, Mahindra & Mahindra, UltraTech Cement, Adani Ports, Reliance Industries, Larsen & Toubro, JSW Steel, Hindustan Unilever, Titan, and Tata Motors were the biggest gainers.

Power Grid, Nestle, State Bank of India, and Infosys were the laggards.

Most Adani group firms end higher

Majority of the Adani group firms ended higher, with Adani Green Energy soaring 21.72 per cent, and Adani Energy Solutions surging 15.56 per cent on the BSE.

The BSE smallcap gauge was up 0.76 per cent and midcap index went up by 0.31 per cent.

In Asian markets, Shanghai and Hong Kong settled in the positive territory while Seoul and Tokyo ended lower.

European markets were trading lower. US markets were closed on Thursday for Thanksgiving.

Foreign institutional investors (FIIs) offloaded equities worth Rs 11,756.25 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude dipped 0.30 per cent to $73.06 a barrel.

The BSE benchmark slumped 1,190.34 points, or 1.48 per cent, to settle at 79,043.74 on Thursday.

The Nifty fell 360.75 points, or 1.49 per cent, to 23,914.15.

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