<p>Mumbai: Equity benchmark indices Sensex and Nifty bounced back sharply on Monday morning after five days of steep decline amid value buying at lower levels and a rally in global markets.</p><p>Buying in blue-chip stocks also helped in markets recovery.</p><p>The 30-share BSE benchmark Sensex jumped 628.34 points to 78,669.93 in early trade. The NSE Nifty surged 219 points to 23,806.50.</p><p>From the 30 blue-chip stocks, Bajaj Finance, HDFC Bank, ITC, ICICI Bank, Bharti Airtel, Tata Steel, Reliance Industries and Axis Bank were the biggest gainers.</p><p>New entrant Zomato and Sun Pharma were the laggards.</p><p>In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory.</p><p>Wall Street ended higher on Friday.</p><p>In the past five days, the BSE benchmark tanked 4,091.53 points or 4.98 per cent, and the Nifty slumped 1,180.8 points or 4.76 per cent.</p><p>Nifty is witnessing a relief rally today after last week's sell-off, but caution still lingers with FIIs selling, Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,597.82 crore on Friday, according to exchange data.</p><p>Global oil benchmark Brent crude climbed 0.47 per cent to $73.28 a barrel.</p><p>The 30-share BSE benchmark tumbled 1,176.46 points or 1.49 per cent to settle at 78,041.59 on Friday. The Nifty tanked 364.20 points or 1.52 per cent to 23,587.50.</p>
<p>Mumbai: Equity benchmark indices Sensex and Nifty bounced back sharply on Monday morning after five days of steep decline amid value buying at lower levels and a rally in global markets.</p><p>Buying in blue-chip stocks also helped in markets recovery.</p><p>The 30-share BSE benchmark Sensex jumped 628.34 points to 78,669.93 in early trade. The NSE Nifty surged 219 points to 23,806.50.</p><p>From the 30 blue-chip stocks, Bajaj Finance, HDFC Bank, ITC, ICICI Bank, Bharti Airtel, Tata Steel, Reliance Industries and Axis Bank were the biggest gainers.</p><p>New entrant Zomato and Sun Pharma were the laggards.</p><p>In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory.</p><p>Wall Street ended higher on Friday.</p><p>In the past five days, the BSE benchmark tanked 4,091.53 points or 4.98 per cent, and the Nifty slumped 1,180.8 points or 4.76 per cent.</p><p>Nifty is witnessing a relief rally today after last week's sell-off, but caution still lingers with FIIs selling, Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,597.82 crore on Friday, according to exchange data.</p><p>Global oil benchmark Brent crude climbed 0.47 per cent to $73.28 a barrel.</p><p>The 30-share BSE benchmark tumbled 1,176.46 points or 1.49 per cent to settle at 78,041.59 on Friday. The Nifty tanked 364.20 points or 1.52 per cent to 23,587.50.</p>