Share/Stock Highlights: The benchmark equity indices on BSE and National Stock Exchange (NSE) staged a sharp recovery from their intraday lows to end over 0.6 per cent higher and snapping out of a five-session losing streak on Tuesday. The markets will be shut on Wednesday on account of Republic Day.
The S&P BSE Sensex rose 366.64 points (0.64 per cent) to end at 57,858.15 while the Nifty 50 climbed 128.85 points (0.75 per cent) to settle at 17,277.95. Earlier in the day both the indices had opened over 1 per cent lower and fell as much as 1.9 per cent in the early trade with the Sensex touching 56,409.63 and the Nifty hitting 16,836.80.
On the Sensex pack, Maruti Suzuki India, Axis Bank, State Bank of India (SBI), IndusInd Bank, Bharti Airtel and Power Grid Corporation of India were the top gainers of the day while Wipro, Bajaj Finserv, Titan Company, Infosys, Ultratech Cement and Tech Mahindra were the top laggards.
(with inputs from agencies)