BENGALURU, May 26 (Reuters) - Indian shares bucked broader market weakness to end higher on Thursday as investors picked up beaten-down financial and metal stocks after three straight sessions of losses.
The NSE Nifty 50 index (.NSEI) rallied in the last hour of trading to close 0.90% higher at 16,170.15, while the S&P BSE Sensex (.BSESN) advanced 0.94% to 54,252.53. Both the indexes had lost nearly 1.5% in the past three sessions.
"After the heavy selloff, the market showed signs of exhaustion and could bounce for the short to medium term," said Vinod Nair, head of research at Geojit Financial Services.
0 Comments