Sensex, Nifty bounce back after 3-day fall on buying in bank stocks

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Benchmark indices Sensex and Nifty bounced back on Friday after three days of fall, led by heavy buying in bank stocks and firm global market trends...

Recovering from its early lows, the BSE Sensex climbed 218.14 points or 0.27 per cent to settle at 81,224.75..

During the day, it jumped 384.54 points or 0.47 per cent to 81,391.15...

From the 30 Sensex firms, Axis Bank jumped nearly 6 per cent after the companys consolidated net profit for the September quarter rose by 19.29 per cent to Rs 7,401.26 crore...

Indias second-largest IT services exporter on Thursday reported a near 5 per cent rise in its second quarter net profit and raised revenue guidance for the year on broad-based recovery in demand particularly from its key financial industry clients...