Markets rebound from lows, Sensex ends 137 pts higher, Nifty settles at 19,465; media, realty stocks gain

Sectorally, media index gained 1.20 per cent, realty jumped 1.10 per cent, healthcare gained 0.98 per cent, auto gained 0.64 per cent, and pharma gained 0.61 per cent.

Apollo Hospitals, UltraTech Cement, NTPC, Infosys, Tata Motors, Power Grid, M&M, L&T, Dr Reddys, Sun Pharma, Maruti Suzuki, and SBI were the top gainers in today's session. (File image)

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After opening lower, domestic equities settled higher, in positive territory on Wednesday led by gains in Infosys, M&M, L&T, and others. BSE benchmark Sensex settled 137.50 points, or 0.21 per cent higher at 65,539.42, while broader NSE Nifty50 gained 30.4 points, or 0.16 per cent to end the session at 19,465.

Infosys jumped around 2 per cent today after the IT giant signed a deal with Liberty Global worth $1.64 billion to build and scale the entertainment and connectivity platforms of the digital communications firm. Infosys said the agreement has an initial tenure of five years which can be extended to eight years, which would take the deal value to $2.5 billion.

Meanwhile, IndiGo slipped 3.5 per cent to close at Rs 2,460 after reports stated that the airline’s co-founder Rakesh Gangwal and his family is looking at selling shares worth $450 million (Rs 3,730 crore) through block deal today.

Most of the broader market indices ended in green, as Nifty Smallcap 100 gained 0.57 per cent, Nifty Smallcap 250 jumped 0.42 per cent, Nifty Microcap 250 rose 0.68 per cent, Nifty 500 gained 0.16 per cent, and Nifty Midcap 150 gained 0.13 per cent.

Sectorally, media index gained 1.20 per cent, realty jumped 1.10 per cent, healthcare gained 0.98 per cent, auto gained 0.64 per cent, and pharma gained 0.61 per cent.

HDFC Bank, Hindalco, Grasim, Bajaj Finance, Britannia, IndusInd Bank, Eicher Motors, Tata Steel, HDFC Life, ICICI Bank, and Tata Motors were the top losers in morning trade.

On the other hand, Infosys, Tech Mahindra, BPCL, HCLTech, ITC, Wipro, LTI Mindtree, Dr Reddy, M&M, SBI, and TCS were the top gainers.

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Apollo Hospitals, UltraTech Cement, NTPC, Infosys, Tata Motors, Power Grid, M&M, L&T, Dr Reddys, Sun Pharma, Maruti Suzuki, and SBI were the top gainers in today’s session.

On the other hand, Tata Steel, Adani Ports, Hindalco, HDFC Life, Bharti Airtel, Hero MotoCorp, Bajaj Finserv, Tata Consumers, Axis Bank, Bajaj Finance, and IndusInd Bank were the top losers.