Equity benchmarks rebounded on Wednesday after yesterday’s steep fall, backed by short covering in beaten down stocks.
The 30-share BSE Sensex was up 104.05 points at 31,815.04 and the 50-share NSE Nifty rose 33.90 points to 9,861.05.
Healthcare stocks were in demand as Aurobindo Pharma rallied 7.5 percent followed by Lupin, Sun Pharma after USFDA approvals.
HUL gained nearly a percent post better-than-expected earnings. ITC rebounded 1 percent after yesterday’s 13 percent correction.
Eicher Motors, ACC and Zee Entertainment gained 1 percent whereas Bajaj Auto and UltraTech Cement were under pressure.