Mumbai, March 5 The benchmark stock indices, Sensex and Nifty, rebounded on Thursday, closing higher by more than 1 percent, in line with a recovery in global equities after recent sharp losses due to the conflict in West Asia.
The 30-share BSE Sensex, snapping its four-day decline, rebounded by 899.71 points or 1.14 percent to close at 80,015.90. During the day, it surged by 1,187.64 points or 1.50 percent to 80,303.83.
The 50-share NSE Nifty climbed by 285.40 points or 1.17 percent to end at 24,765.90, ending its three-day downward streak.
From the Sensex pack, Adani Ports, Larsen & Toubro, NTPC, Reliance Industries, Bharat Electronics, and InterGlobe Aviation were among the major gainers.
Tech Mahindra, HCL Tech, Hindustan Unilever, and ICICI Bank were among the laggards.
Brent crude, the global oil benchmark, jumped by 1.84 percent to USD 82.90 per barrel.
In Asian markets, South Korea's Kospi rebounded sharply by 9.63 percent. Japan's Nikkei 225, Shanghai's SSE Composite index, and Hong Kong's Hang Seng index also ended higher.
Markets in Europe were quoting higher.
The US market ended in positive territory on Wednesday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,752.65 crore on Wednesday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 12,068.17 crore, according to exchange data.
On Wednesday, the Sensex tumbled 1,122.66 points or 1.40 percent to close at 79,116.19, falling for the fourth straight session. The Nifty dived by 385.20 points or 1.55 percent to end at 24,480.50, registering its third day of decline.
