Nifty rebounds 157 points on positive global cues

The F&O expiry day saw the bulls back with vengeance after five days of anxiety, sparked by buoyant global cues as the benchmark Nifty rallied by 157.10 points to end at 7,948.95 at the National Stock Exchange (NSE).
Global stocks rose smartly, spurred by recovery in Chinese markets amid added stimulus measures news along with market friendly comments from US Fed-vice Chairman that US rate hike may take longer than expected, soothing the domestic players' nerves, resulting across the counter bargain hunting in recently hammered stocks and hectic short-covering affirming the index rise.
Today's session saw the Nifty witnessing gap-up opening and gradually rallying to end green.

Elsewhere, Asian stock ended higher as China market rose sharply by 5.34 per cent, while European stocks were also trading higher.
Sector-wise, Realty rallied by 4.15 per cent, followed by Financials (3.22 per cent), Pharma (2.95 per cent), Metals (2.77 per cent), PSU Bank (2.66 per cent), Commodities (2.45 per cent), Media (2.16 per cent), Energy (2.11 per cent), FMCG (2.08 per cent), Bank Nifty (1.75 per cent), Infra (1.73 per cent) and Auto (0.89 per cent).
While, the second-line shares of midcap and smallcap gained 3.12 per cent and 3.04 per cent, respectively.

The broader 50-share Nifty opened gap-up at 7,921.60 and traded between a high of 7,963.60 and a low of 7,862.30 before closing at 7,948.95, showing a sharp gain of 157.10 points, or 2.02 per cent, over its last close.

Stock-wise, major gainers were HDFC (8.30 per cent), Cairn (7.32 per cent), VEDL (6.55 per cent), Bank of Baroda (5.98 per cent), Ambuja Cement (5.90 per cent), Tata Steel (4.98 per cent), Lupin (4.94 per cent) and Axis Bank (2.75 per cent).
Turnover in the cash segment jumped to Rs 26,116.85 crore as compared to Rs 20,032.30 crore yesterday.
A total of 11,758.98 lakh shares changed hands in 9,568,446 trades and the total market capitalisation of NSE stood at Rs 9,495,232 crore.