The Sensex recovered sharply and touched a high of 17,315 - up 188 points from the day's low. The Snsex is now up 95 points at 17,290.
The Nifty is up 24 points at 5,132.
SBI has suddenly jumped 5% to Rs 2,445. ICICI Bank and Reliance Communications have added 25 each to Rs 956 and Rs 234, respectively.
HDFC and Reliance have moved up 1.5% each. Tata Power, DLF, Jaiprakash Associates, Bharti Airtel, TCS and BHEL are the other gainers among the Sensex stocks today.
Meanwhile, Sterlite continues to slip and is down 5.5% at Rs 819. Other metal stocks - Tata Steel and Hindalco have shed 1.5% each at Rs 565 and Rs 133, respectively.
ITC and Mahindra & MAhindra are down 1% each.
The market breadth is positive. Out of 2,344 stocks traded 1,411 have advanced while 859 have declined.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app