The Sensex surged over 1,500 points while the Nifty reclaimed the 16,000-mark on Friday, reversing the previous session’s sharp decline in tandem with a recovery across global markets as investors resorted to bargain-hunting.
Snapping its two-day losing run, the BSE Sensex rallied 1,534.16 points or 2.91 per cent to close at 54,326.39. This was its biggest single-day jump in over three months.
Similarly, the broader NSE Nifty soared 456.75 points or 2.89 per cent to 16,266.15. All the 30 Sensex firms ended in the green. Nestle India, Tata Steel, Larsen & Toubro, Axis Bank, Sun Pharma and IndusInd Bank were among the other major winners.