Stock markets snap 3-day slump, Sensex rebounds 875 points on value buying in metal, energy shares

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Key Points

Benchmark stock indices Sensex and Nifty bounced back sharply on Wednesday after three straight days of slump following a rally in global peers and value-buying in metal, IT and oil shares at lower levels...

The 30-share BSE Sensex rallied 874.94 points or 1.11 per cent to settle at 79,468.01 with 25 of its constituents ending with gains and five with losses..

During the day, it jumped 1,046.13 points or 1.33 per cent to 79,639.20...

Oil & Gas jumped 3.75 per cent, metal surged 3.44 per cent, energy (3.32 per cent), capital goods (2.89 per cent), telecommunication (2.80 per cent), services (2.53 per cent), commodities (2.49 per cent), healthcare (2.03 per cent)...

Ajit Mishra SVP, Research, Religare Broking Ltd said that markets experienced a breather after the recent decline, gaining over a percent, driven by strong global cues...