Sensex, Nifty rebound in early trade; bank, IT stocks take charge

Equity benchmark BSE Sensex rebounded 320.33 points to tre at 40,048.74 in opening deals on Friday, led by intense buying mainly in banking and IT counters. Likewise, broer NSE Nifty surged 86.75 points or 0.74 per cent to 11,767.10 in early tre.

On Sensex chart, IndusInd Bank, Tata Steel, Infosys, ONGC, Kotak Bank, NTPC and Bharti Airtel were among prominent gainers. Of 30 Sensex constituents, 27 were tring in green. Asian shares were tring on a mixed te amid growing fears about resurgence of coronavirus cases in some countries.

On Thursday, Sensex h plummeted by 1,066.33 points or 2.61 per cent to end at 39,728.41. broer NSE Nifty h crashed 290.70 points or 2.43 per cent to 11,680.35. Foreign institutional investors turned net sellers in capital market as y offloed shares worth Rs 604.07 crore on Thursday, exchange data showed. 

(Im Credits: PTI)