After two sessions of profit-booking, the Nifty 50 resumed its uptrend and witnessed a sharp rebound on Wednesday, closing higher by 178 points.
After opening on a positive note, the market saw a sustained upmove for most of the session. Intraday dips were bought into, helping the Nifty end the day near its highs.
A long bull candle formed on the daily chart, indicating a strong counterattack by the bulls after a brief phase of weakness on Tuesday.
Among Nifty constituents, Bajaj Finance, Nestle India, and Bajaj Finserv emerged as the top gainers, while Infosys, Bajaj Auto, and Tata Motors ended as the major laggards.
Buying was broad-based, marking a complete reversal of the previous day's selling. Except for Nifty Media, all sectoral indices closed in the green, led by Realty, PSU Ba