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Market rebounds sharply as banking and financials rally

Sensex Rallies 848 Points; Financial Stocks Sparkle IndusInd Bank was the top gainer in the Sensex pack, rallying over 7 per cent, followed by SBI, ICICI Bank, HDFC twins, Axis Bank, Bajaj Finserv and UltraTech Cement. PTI 17 May 2021, Last Updated at 4:20 pm Representational Image outlookindia.com 2021-05-17T16:20:12+05:30 Equity benchmark Sensex zoomed over 848 points on Monday, driven by strong buying in banking shares amid a reduction in daily domestic COVID-19 caseload. The 30-share BSE index ended 848.18 points or 1.74 per cent higher at 49,580.73, and the broad...

The BSE benchmark index zoomed 848.18 points or 1.74 per cent to close at 49,580.73. Following the market capitalisation of the BSE-listed companies at the close of trade jumped Rs 3,03,725.89 crore to Rs 2,13,64,459.08 crore. "Domestic equities witnessed strong rebound today as robust Q4FY21 earnings and early sign of decline in the second wave of daily caseload bolstered investors' confidence. A strong recovery in financials followed by auto and metals supported market's rally today," said Binod Modi, Head Strategy, Reliance Securities. IndusInd Bank was the biggest gainer rallying 7.27...

Source: Highlights The 30-share BSE index ended 848.18 points or 1.74 percent higher at 49,580.73, and the broader NSE Nifty soared 245.35 points or 1.67 percent to 14,923.15. IndusInd Bank was the top gainer in the Sensex pack, rallying over 7 percent, followed by SBI, ICICI Bank, HDFC twins, Axis Bank, Bajaj Finserv, and UltraTech Cement. On the other hand, L&T, Bharti Airtel, Nestle India, Sun Pharma, and PowerGrid were among the laggards. Equity benchmark Sensex zoomed over 848 points on Monday, driven by strong buying in banking shares amid a reduction in daily domestic COVID-19 caseload...

Sensex rallies 848 pts; financial stocks sparkle Updated: Updated: IndusInd Bank was the top gainer in the Sensex pack, rallying over 7%. Share Article IndusInd Bank was the top gainer in the Sensex pack, rallying over 7%. Equity benchmark Sensex zoomed over 848 points on Monday, driven by strong buying in banking shares amid a reduction in daily domestic COVID-19 caseload. The 30-share BSE index ended 848.18 points or 1.74% higher at 49,580.73, and the broader NSE Nifty soared 245.35 points or 1.67% to 14,923.15. IndusInd Bank was the top gainer in the Sensex pack, rallying over 7%, follow...