Mumbai, Breaking the losing streak of last three sessions, the BSE Sensex recovered on Wednesday by 489.80 points to reclaim the 39K-level and end at 39,054.68 on strength of gains in ONGC, IndusInd Bank, Yes Bank and Bharti Airtel.
The Nifty of National Stock Exchange (NSE) too increased by 150.20 points to 11,726.15.
The Sensex, which had slumped by 710 points in last three sessions, edged higher today by 108 points to 38,672.63 in early trade and then rallied by 531 points to touch day’s high of 39,095.35 before closing positive at 39,054.68, gaining by 489.80 points versus its last close.
The gains in sectoral indices like Energy, Finance, IT, Telecom,
Bankex and Oil & Gas pushed the market up today, along with scrips of HCL Technology, ONC, IndusInd Bank and Yes Bank.The broader markets outperformed the Sensex, as the S&P BSE Mid-Cap index and Small-Cap rose 0.43 per cent and 0.42 pc, respectively.The market breadth was weaker on BSE, as 1,247 shares advanced against 1,249 declined and 158 were unchanged.