Mumbai : Stock market indices made a quick rebound and were trading at higher levels on Friday afternoon due to increased buying in IT stocks and strong performance in Asian markets. Regaining all the ground previously lost, the BSE Sensex surged 726.16 points to 83,223.26 in afternoon trading. The NSE Nifty rose by 203.3 points, reaching 25,453.40.
Among the 30 Sensex companies, Infosys, Tech Mahindra, JSW Steel, Tata Motors, Axis Bank, State Bank of India, HCL Technologies, and Tata Consultancy Services experienced gains. The slow performers were Nestle, Mahindra & Mahindra, Bajaj Finance and Asian Paints. Trading in the positive zone was observed in Seoul, Tokyo, and Hong Kong markets in Asia. Mainland China's markets are not open because of a holiday. Thursday saw a decrease in the US markets.
According to exchange data, on Thursday Foreign Institutional Investors (FIIs) sold equities worth Rs 15,243.27 crore. Brent crude, the international oil benchmark, decreased by 0.06 percent to reach USD 77.57 per barrel. For the fourth consecutive day on Thursday, the BSE index declined by 1,769.19 points or 2.10 percent, closing at 82,497.10. Throughout the day, it dropped by 1,832.27 points, representing a 2.17 percent decrease to 82,434.02. The Nifty dropped 546.80 points, which is equivalent to 2.12 percent, down to 25,250.10.
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