Benchmark stock indices Sensex and Nifty rebounded by over 1 per cent on Thursday, propelled by buying in index majors Reliance Industries, HUL and Infosys along with an overall positive trend in global markets.
The 30-share BSE benchmark jumped 701.67 points or 1.23 per cent to end at 57,521.06. During the day, it zoomed 971.46 points or 1.70 per cent to 57,790.85 amid the expiry of the derivatives contracts.
The NSE Nifty rallied 206.65 points or 1.21 per cent to 17,245.05 as 45 of its stocks ended in green.
"Markets rebounded sharply and ended the monthly derivatives expiry session with decent gains. In continuation to the prevailing trend, upbeat global cues triggered a firm start which further strengthened with healthy buying in select index majors from FMCG, energy, banking and IT space," Ajit Mishra, VP - Research, Religare Broking Ltd said.
Among Sensex scrips, Hindustan Unilever spurted the most by 4.55 per cent after the company posted better-than-expected financial results for the fourth quarter of FY22.
HUL posted an 11 per cent growth in domestic business on a flat volume growth due to a high base effect.
Reliance Industries rose by 1.49 per cent after a tripartite partnership of investment venture Bodhi Tree Systems, Viacom18 and Reliance Projects & Property Management Services Ltd was announced on Wednesday.
Reliance also became the first Indian company to cross a market valuation of USD 250 billion.