In a volatile trade on Wednesday, stock indices rebounded more than one per cent as the Sensex closed above the 27000-mark again with bargain hunting at lower levels.
The rupee also regained to close at 64 a dollar compared to its previous close of 64.17.
The BSE Sensex gained 373.62 points to close at 27251.10. Except small cap index, all broader indices gained more than 1 per cent.
A rating downgrade by HSBC failed to hurt sentiments on bourses.
On the National Stock Exchange, a broader 50-share Nifty closed at 8235.45 with a gain of 108.50 points or 1.34 per cent.
“Concerns over the high bond yields in the U.S. and Germany as well as the uncertainty over Greece played on the sentiments of the markets. Bargain hunting at lower levels resulted in gains for the day,” said Dipen Shah, Head of Private Client Group Research, Kotak Securities.
Going ahead, Mr. Shah anticipated stock-specific action in line with the quarterly results, which were yet to be declared.
