Mumbai: Stock markets rebounded on Monday with benchmark Sensex jumping by 943 points on value buying in blue-chip oil & gas, banking and auto shares after facing a massive drubbing on the Budget day.
The 30-share BSE Sensex rallied 943.52 points or 1.17 per cent, to settle at 81,666.46. During the day, it surged 1,009.31 points or 1.25 per cent to a high of 81,732.25.
The 50-share NSE Nifty climbed 262.95 points or 1.06 per cent to end at 25,088.40. During the day, it advanced 282.65 points or 1.13 per cent to 25,108.10.
Value buying after a sharp correction on Budget day and a steep decline in global crude oil prices helped key indices recover, experts said. From the Sensex firms, Power Grid jumped 7.61 per cent and Adani Ports climbed 4.76 per cent. Bharat Electronics, Reliance Industries, Mahindra & Mahindra, L&T, InterGlobe Aviation, ICICI Bank and UltraTech Cement were among the other major gainers. Axis Bank, Infosys, TCS, Trent & Titan were the laggards.
Among indices, BSE Utilities jumped the most by 2.66 per cent, followed by power (2.54 per cent), services (2.38 per cent), energy (1.98 per cent), auto (1.98 per cent), oil & gas (1.92 per cent) and metal (1.90 per cent). IT, BSE Focused IT and healthcare were the laggards.
On Sunday, the BSE benchmark ended at 80,722.94, down 1,546.84 points or 1.88 per cent. The Nifty tanked 495.20 points or 1.96 per cent to settle at 24,825.45.