New Delhi, December 11 (H.S.) — The domestic equity market staged a sharp comeback on Thursday after opening with a decline, as benchmark indices Sensex and Nifty recovered on the back of strong buying in HDFC Bank, Kotak Mahindra Bank and Reliance Industries. Positive investor sentiment also supported the rebound.

The 30-share BSE Sensex climbed 480.91 points (0.57%) to trade at 84,872.19, while the NSE Nifty advanced 140.35 points (0.54%) to 25,898.35. Earlier, the market opened weak with the Sensex slipping 152.62 points to 84,238.66 and the Nifty falling 55.55 points.

Among Sensex constituents, Kotak Mahindra Bank, Eicher Motors, Maruti Suzuki, Tata Steel, HDFC Bank, Reliance Industries, UltraTech Cement, Tata Motors PV, Sun Pharma and Tech Mahindra saw gains. Meanwhile, Bharti Airtel, Asian Paints, Titan, ITC, Axis Bank and ICICI Bank traded lower.

Asian markets, including Japan’s Nikkei 225, China’s SSE Composite, Hong Kong’s Hang Seng and South Korea’s Kospi, remained in the red. International benchmark Brent crude slipped 0.63% to $61.82 per barrel.

A day earlier on Wednesday, the Sensex had closed 275.01 points (0.32%) lower at 84,391.27, while the Nifty fell 81.65 points (0.32%) to settle at 25,758.

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Hindusthan Samachar / Jun Sarkar