Stock market recovers from early blows as Sensex jumps by 700 points at close

Sensex and Nifty closed in the green on Wednesday, just a day after a major market crash where the benchmark BSE index fell more than 1000 points.

Sensex and Nifty recovered on Wednesday, a day after the bloodbath on Dalal Street.(Bloomberg)
Sensex and Nifty recovered on Wednesday, a day after the bloodbath on Dalal Street.(Bloomberg)

After opening in red, the Sensex recovered with a spike of over 750 points, while Nifty was up over 200 points today.

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As the markets closed on Wednesday, Sensex was up by over 689 points at 71,060, while the NSE Nifty was up by 215 points, closing at 21,453.

Both NSE Nifty and BSE Sensex saw a major drop on Tuesday, when the markets opened for the week, as Sensex dropped by 1060 points while Nifty dropped by around 400 points, slipping under 21,500 for the first time in days.

The top gainer of the day Hindalco Industries, up by 4.41 percent, and Dr Reddy’s Labs, up by 4 percent. Tata Steel shares were also up today in view of its Q3 profit announcement scheduled for Wednesday, up by 3.88 percent.

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