Mumbai: Stock markets shrugged off two days of year-end lethargy today, with the bellwether Sensex rising to 6-week high with a smart gain of nearly 231 points on bargain hunting in blue chips and firm global cues.
After witnessing a day of volatile trading, the Bombay Stock Exchange sensitive index Sensex finally settled 230.61 points, or 1.15 per cent, up at 20,256.03 — the level last seen on November 16.
Similar pattern was witnessed in the National Stock Exchange’s wide based Nifty which closed at 6,060.35, up 64.35 points or 1.07 per cent from the previous close.
Marketmen attributed the rebound to value buying by investors at attractive levels.
“Stock market was in an oversold zone, which gave investors an opportunity to buy at lower levels ahead of F&O expiry tomorrow.