Indian markets bounced back to end the losing steak. In a highly volatile session, both Sensex and Nifty took a respite as they gained 0.64% and 0.75% respectively. Sensex up 367 points and Nifty gained 129 points.
Except for IT, all other sectoral indices ended in the green. The rally was mostly due to support by Auto and Banking & Financial Services stocks. Power Stocks also did very well.
Maruti Suzuki was the top gainer on the index with 6.83% gains, thanks to its better than estimates earnings. Axis bank followed it with 6.76% gains. It also had a good quarter. SBI, IndusInd Bank, and UPL are the rest of top 5 gainers.
On the other hand, Wipro was the top loser on the index (-1.75%), followed by Bajaj Finserv (-1.13%), Titan (-1.10), Infosys (-0.84%) and Tech Mahindra (-0.83%).