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Sensex rebounds 1,000 pts intraday on local buying
![IndiaTimes]()
Thursday, 21 December 2023
Sensex rebounds 1,000 pts intraday on local buying, supported by strong domestic buying initially and short covering during closing trades. Nifty also took a similar trajectory and closed higher. Vinod Nair of Geojit Financial Services states that the overall trend is subdued due to peak valuation. HDFC Bank and Reliance Industries contributed to the gains, while Axis Bank, Bajaj Finance, and HCL Tech limited the total gain. Foreign funds remained net sellers, while domestic funds were net buyers. The day's gains added about Rs 3.6 lakh crore to investor wealth, with BSE's market capitalisation now at Rs 360.4 lakh crore.
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Thursday, 21 December 2023
