Indian equity benchmarks extended their rebound from a two-month low even as investors remained nervous as states initiated stricter curbs amid a record-breaking Covid-19 second wave.
The S&P BSE Sensex rose 0.5% to 48,803 while the NSE Nifty 50 Index climbed 0.5% as well to 14,581. Both the benchmarks fluctuated in a narrow range for most of the session.
Private banks, along with pharma, IT and metals, led the rebound, while PSU banks and auto stocks were the top laggards. The broader markets underperformed their larger peers. The Nifty Midcap index and the Smallcap index ended trade with losses.
The market breadth was skewed in favour of the bears. Around 1,117 stocks declined while 761 advanced.