Sensex, Nifty end higher as Dalal Street bulls drive recovery rally

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Key Points

The S&P BSE Sensex gained 358.79 points to close at 70,865.10, while the NSE Nifty 50 rose 104.90 points to settle at 21,255.05..

The broader market indices outperformed the benchmarks, contributing to the recovery rally on Dalal Street.. ...

Benchmark stock market indices witnessed a strong turnaround on Thursday, led by a sharp recovery in banking and other heavyweight stocks...

While benchmark indices fell sharply in early trade and saw wild swings till noon, the afternoon session witnessed a strong recovery, lead by bullish investors on Dalal Street...

Several factors such as rising Covid-19 cases, foreign selling and profit booking have put pressure on the stock markets since yesterday, but todays recovery rally indicates that the investors remain positive.. Mandar Bhojane, research analyst at Choice Broking, said, "Benchmark indices concluded the highly volatile session on December 21 in positive territory, gaining 104.9 points..

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