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Indian market rebounds on Thursday

Indian market rebounds on Thursday

India Blooms News Service | 16 Feb 2017, 11:53 pm
Mumbai, Feb 16 (IBNS): The Indian market rebounded on Thursday with BSE Sensex up 145.71 points at 28301.27 and NSE Nifty up 53.30 points at 8778, largely riding on pharma, IT, auto and select bank stocks.

Some of the key stocks that gained on Thursday were Sun Pharma, Infosys, Maruti Suzuki, Tata Steel, GAIL, Aurobindo Pharma and Tata Motors (DVR) while ITC, L&T, ICICI Bank, Asian Paints, Coal India, Bharti Infratel, Bosch and BPCL were under pressure.

On Wednesday, the Union Cabinet, chaired by Prime Minister Narendra Modi approved the acquisition by the State Bank of India of its subsidiary banks, namely State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.


Indian market rebounds on Thursday

India Blooms News Service
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