The Nifty climbed 160.15 points or 0.75 per cent to close at 21,622.40.
In the past three days, the BSE benchmark fell by 2.91 per cent, and the Nifty declined 2.87 per cent.
“A ‘buy on dips’ and encouraging global cues propelled the market’s recovery. Today’s rebound was broad based; however, investors are disappointed and expect moderation in the rally. As FIIs persist with risk-off sparked by the likelihood that interest rates may not moderate and domestic earnings growth can slow down as per the initial Q3 results announced. Sector rotation is likely to propel going ahead,” said Vinod Nair, Head of Research, Geojit Financial Services.
Among the Sensex firms, Bharti Airtel, NTPC, Tech Mahindra, Mahindra & Mahindra, Tata Steel,
IndusInd Bank, Kotak Mahindra Bank, HDFC Bank and State Bank of India were the laggards.
In Asian markets, Seoul, and Tokyo settled in the green while Shanghai and Hong Kong ended lower.
European markets were trading higher. The US markets ended with gains on Thursday.
The BSE benchmark fell by 313.90 points, or 0.44 per cent, to settle at 71,186.86 on Thursday. The Nifty declined 109.70 points, or 0.51 per cent, to 21,462.25.
Global oil benchmark Brent crude climbed 0.63 per cent to
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 9,901.56 crore on Thursday, according to exchange data.
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