Guwahati: The Indian equities market snapped its two-day losing streak and bounced back on Wednesday awith the Sensex and Nifty climbing nearly 1 percent each, tracking a positive trend in global markets.
Buying in IT and bank stocks also supported the recovery in equities. The 30-share BSE benchmark jumped 547.83 points or 0.99 percent, to settle at 55,816.32. During the day, it climbed 584.6 points or 1 percent to 55,853.09. The broader NSE Nifty advanced 157.95 points or 0.96 percent to 16,641.80.

Tata Motors said on Wednesday its consolidated net loss for the quarter ended June came in at Rs 5,006.60 crore, compared to a loss of Rs 4,450.92 crore in the same quarter last year.

Better than expected results by the engineering, procurement and construction giant L&T as well as the strong order flows it witnessed during the June quarter instilled confidence in investors about the health of the Indian economy.
Bharti Airtel, Bajaj Auto, UPL, Hero Motocorp, and Kotak Mahindra were the top losers on the Nifty, losing between 0.4 to 1.3 percent. The top gainers were Sun Pharma, SBI, Divis Labs, Larsen & Toubro, and Asian Paints, up between 2.5 and 3 percent each.

All sectors ended in the green, with the Nifty Pharma index gaining the most at 2.39 percent. The Nifty information technology (IT) index was up 1.68 percent and the realty closed a percent higher.