Mumbai, Dec 7 (PTI) Market benchmark Sensex today shaped

up by rebounding over 352 points as investors hunted for

bargains in recently-battered bank, auto and metal stocks.

The broader Nifty too ended above the key 10,100-mark.

Participants sensed value-buying opportunities after

equities’ recent lacklustre run, making stock valuations

attractive, brokers said.

The 30-share Sensex stayed in the green throughout and

hit the day’s high of 32,992.45 following all-round buying. It

finally ended at 32,949.21, up 352.03 points, or 1.08 per cent

— its biggest single-day gain since November 1, when it had

surged 387.14 points.

This is also the benchmark’s highest closing since

November 30, when it had finished at 33,149.35.

The index had lost 205 points yesterday after the Reserve

Bank held the policy rate and raised the inflation forecast

for the remainder of the fiscal.

The broader NSE Nifty soared 122.60 points, or 1.22 per

cent, today to close at 10,166.70 after shuttling between

10,182.65 and 10,061.90.

This is its biggest single-day jump since May 25, when it

had gained 149.20.

“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.

All the BSE sectoral indices closed in the green, led by

telecom, consumer durables, power, capital goods, auto,

oil&gas and realty.

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 USD 63 a barrel.

Domestic institutional investors bought shares worth Rs

995.11 crore, while foreign funds sold shares to the tune of

Rs 1,217.92 crore yesterday, provisional exchange data showed.

Bharti Airtel secured podium finish among the Sensex

constituents, ratcheting up 6.08 per cent.

Other gainers were Asian Paints, Maruti Suzuki, Tata

Steel, Bajaj Auto, NTPC, L&T, ICICI Bank, HUL, SBI, Tata

Motors, Lupin, Adani Ports, Hero Motocorp, Power Grid and

Infosys, rising by up to 3.29 per cent.

However, Sun Pharma, Wipro, Cipla, TCS and Coal India

finished with losses.

Major Asian indices closed higher. Japan’s Nikkei

advanced 1.45 per cent, Hong Kong’s Hang Seng rose 0.29 per

cent, while Shanghai Composite Index shed 0.67 per cent.

In the eurozone, key indices such as Paris CAC 40 and

Frankfurt’s DAX were up by 0.32 per cent and 0.55 per cent in

their early deals. London’s FTSE too was up 0.24 per cent. PTI

This is published unedited from the PTI feed.