Mumbai: Equity indices ratcheted higher on Friday after two sessions of heavy losses as investors snapped up recently-battered banking and finance stocks in lockstep with a rebound in global markets.
A recovering rupee also bolstered market sentiment, traders said.
The 30-share BSE Sensex surged 568.38 points or 1.17 per cent to finish at 49,008.50. Similarly, the broader NSE Nifty cimbed 182.40 points or 1.27 per cent to 14,507.30.
Bajaj Finance led the Sensex gainers’ chart with a jump of 4.49 per cent, followed by Asian Paints, Titan, HUL, Bajaj Auto, Bharti Airtel, HDFC and Nestle India.
The HDFC twins accounted for most of the index’s gains.
—PTI