In­dices re­bound; bank, auto stocks lead

The Hindu Business Line - - STOCKS - PTI

Bench­mark Sen­sex re­bounded on Thurs­day as in­vestors piled into re­cently beaten down bank, auto and metal coun­ters.

“RBI’s neu­tral stance de­spite firm in­fla­tion ex­pec­ta­tions, and re­cent falls ren­der­ing stocks at­trac­tive, whet­ted the ap­petite of buy­ers,” said Anand James, Chief Mar­ket Strate­gist, Geo­jit Fi­nan­cial Ser­vices.

Stocks of state-run oil mar­ket­ing com­pa­nies such as HPCL, BPCL and IOC recorded gains of up to 1.83 per cent af­ter global crude prices dropped by nearly 3 per cent to trade be­low $63 a bar­rel.

Bharti Airtel se­cured podium fin­ish among the Sen­sex con­stituents, ratch­et­ing up 6.08 per cent.

How­ever, Sun Pharma, Wipro, Ci­pla, TCS and Coal In­dia fin­ished with losses.

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