Sensex, Nifty rebounds 2pc on value buying and stable rupee
Mumbai, Oct 12 : The key equity indices gained over two per cent during the mid-afternoon session of the trade on Friday rebounding from the losses made after wide-sell off in the global markets which plunged the domestic markets by two per cent on Thursday.
The domestic currency traded below the 74-a-dollar mark. At 12.21 p.m., the rupee stood around 73.79. It closed at 74.12 to a greenback on Thursday.
At 12.51 p.m., the broader Nifty50 of the National Stock Exchange was trading at 10,460.55, up 225.90 points or 2.21 per cent from its Thursday's close.
The Siamp;P BSE Sensex, which had opened at 34,291.92, was trading at 34,742.29, up 741.14 points or 2.18 per cent.
So far, the Sensex has touched an intra-day high of 34,745.88 points and a low of 34,279.78.
The top gainers at Sensex were dominated by auto stocks: Mahindra and Mahindra, up 5.54 per cent at Rs 770.65; Maruti Suzuki up 5.06 per cent at Rs 7,226.45; Bajaj-Auto up 4.52 per cent at Rs 2,638.25 from its previous close.
Major losers included TCS, down 3.22 per cent at Rs 1,916 ; Tata Motors(DVR) down 0.44 per cent at Rs 101.25; Wipro down 0.03 per cent at Rs 312.95 per share.