Benchmark indices rebound after three days of decline
The BSE Sensex closed 218.14 points higher to 81,224.75 on October 18 while NSE Nifty rose 104.20 points to 24,854.05.
The BSE Sensex closed 218.14 points higher to 81,224.75 on October 18 while NSE Nifty rose 104.20 points to 24,854.05.
GIFT Nifty, which stands as a new benchmark to the growth story of Indian equity market, saw open interest of 399,188 contracts worth $20.84 billion (about Rs 1,74,275 crore), said the National Stock Exchange (NSE).
Shares of Bajaj Housing Finance made a strong debut on stock markets on Monday.
Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts.
GIFT Nifty recorded all-time high monthly turnover of $100.13 billion in August, setting a new benchmark to the growth story of Indian equity market.
HDFC, Axis Bank, PowerGrid, SBI, Bajaj Finserv and Bharti Airtel were among other top laggards that pulled down the Sensex from gaining.
On the broader market, the S&P BSE MidCap index lowered by 0.39 per cent while the S&P SmallCaP dropped 0.43 per cent.
The 30-share BSE index opened 173.07 points higher at 36,660.35 but after a volatile trading session, it ended 187.24 points, or 0.51 per cent.
Bharti Airtel was the top gainer in the Sensex pack, rallying around 4 per cent, followed by Bajaj Auto, TCS, Titan, HCL Tech and Reliance Industries.
IT stocks gained in the trade after Accenture posted a better than expected quarterly result.
