Markets rebound 1% after seven sessions of losses; Infosys, HDFC gain

Despite weak global cues, the market traded positive through the day, as calm returned after a week and volatility subsided

The market rebounded 1 per cent on Thursday after seven straight sessions of losses, led by gains in index heavyweights such as Infosys and HDFC. A sharp rally in pharmaceutical stocks on the back of encouraging earnings reported by Cadila Healthcare and Cipla also boosted sentiment.

The BSE Sensex closed at 34,413.16, up 330 points, or 0.97 per cent — the most this year. The Nifty50 index rose 100 points, or 0.96 per cent, to end at 10,576.85, with 41 of its components ending in green.

Despite weak global cues, the market traded positive through the day, as calm returned after a