Market bounces back sharply with Nifty finishing above 22,300
Benchmark indices on Wednesday bounced back sharply with Nifty finishing above 22,300, breaking a 10-day losing streak.
Expectations of a healthy rural demand on the back of government’s enhanced farm sector support buoyed the key Indian equity indices on Wednesday.
Consequently, the 30-scrip Sensitive Index (Sensex) zoomed by 266.80 points or 0.75 per cent.
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Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) ended the day’s trade in the positive territory. It gained 70 points or 0.65 per cent at 10,769.90 points.
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The Sensex of the BSE, which opened at 35,385.52 points, ended at 35,645.40 points, higher by 266.80 points or 0.75 per cent from the previous day’s close at 35,378.60 points.
The Sensex touched a high of 35,667.31 points and a low of 35,309.67 in trade so far.
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