The Indian equity market rebounded quite sharply in the last hour of trade on Thursday on back of strong short covering, even after a downtrend in global markets. Realty, banks, capital goods, power and FMCG stocks took the lead in driving the benchmark index to close above 17,000 for the first time since May 3.
While the Sensex closed at 17032, up 136 points, the Nifty jumped 45 points to end the day at 5165.
Major gainers were Bharat Heavy Electricals (3.60%), State Bank of India (2.89%), Tata Power Company (2.32%), Larsen & Toubro (2.30%), Sterlite Industries (India) (2.16%), and I T C (2.07%).
Major losers were Reliance Industries (2.58%), Tata Consultancy Services (2.18%), Hindalco Industries (0.90%), Dr Reddy`s Laboratories (0.08%) and Jindal Steel & Power (0.03%).
The Realty index was up 2.89%. Major gainers were Housing Development and Infrastructure (8.33%), Indiabulls Real Estate (4.89%), D L F (3.78%), D B Realty (1.28%) and Anant Raj Industries (0.11%).
The Capital Goods index jumped 2.18%. Major gainers were A I A Engineering (3.26%), Bharat Electronics (1.67%), A B B (1.47%), BEML (0.75%) and Alstom Projects India (0.35%).
The Bankex gained 2.06%. Major gainers were Bank of Baroda (2.77%), I C I C I Bank (2.07%), Federal Bank (1.44%), H D F C Bank (1.4%) and Canara Bank (1.1%).
The Oil & Gas index was down 0.89%. Major losers were Reliance Industries (2.58%) and Cairn India (1.8%).
Globally, Asian indices ended on a lower note while European indices were trading in the red.
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