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Powered by FMCG, auto stocks; indices snap four-day losing streak

Tata Steel, Power Grid, HCL Technologies, Wipro, Dr Reddy's and Axis Bank were the laggards

Power plant equipment maker Bharat Heavy Electricals has more than doubled this year, making it among the top gainers in Bloomberg Intelligence’s basket. (Photo: Bloomberg)
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Photo: Bloomberg

Press Trust of India
Benchmark BSE Sensex rebounded by 344 points while Nifty closed above the 16,000 level in choppy trade on Friday, snapping four days of decline on buying in FMCG, auto and capital goods counters.

The 30-share BSE barometer climbed 344.63 points or 0.65 per cent to settle at 53,760.78 as 18 of its scrips ended in the green. During the day, it jumped 395.22 points or 0.73 per cent to a high of 53,811.37.

The broader NSE Nifty closed above the 16,000 level by gaining 110.55 points or 0.69 per cent to 16,049.20 as 35 of its constituents closed with gains.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)