The market rebounded sharply led by short covering in banking & financials, capital goods, auto and select oil stocks after falling for previous seven sessions. The Sensex gained 234.15 points or 0.88 percent at 26715.40 and the Nifty climbed 70.40 points or 0.88 percent to 8092.80.
The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1.2 percent and 1 percent, respectively. About 1307 shares have advanced, 427 shares declined, and 96 shares are unchanged on the BSE.
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