Sensex rebounds 239 points, Nifty ends 7-day decline on bottom fishing by investors

Posted on:
Key Points

Benchmark Sensex rebounded 239 points while Nifty ended its seven-day losing streak on Tuesday following value-buying in banking, IT and auto shares amid mixed global trends...

Snapping its four days of decline, the 30-share Sensex climbed 239.37 points or 0.31 per cent to settle at 77,578.38..

The index opened with gains and spurted further 1,112.64 points or 1.43 per cent to hit the day's high of 78,451.65..

Stock markets were on a decline in the past seven sessions with Nifty tanking 1,030 points or over 4.3 per cent due to FII selling, weaker-than-expected quarterly results and strengthening US bond yields..

The 30-share BSE benchmark dropped 241.30 points or 0.31 per cent to settle at 77,339.01, registering its fourth day of decline on Monday..