<p>Domestic equity market on Thursday witnessed moderate recovery after choppy trade as both Sensex and Nifty reversed their two-day losing spell on the back of gains in heavyweights RIL, ITC and Yes Bank.</p>.<p>During the session, the BSE benchmark Sensex swung over 260 points both ways on alternate bouts of buying and selling by participants.</p>.<p>A significant gain in shares of Reliance Industries, Yes Bank, ITC, TCS and SBI, which rallied up to 8.39 per cent, largely boosted both the key indices.</p>.<p>The 30-share BSE Sensex, after opening higher at 36,146.55 points, gave up all gains and slipped into the negative terrain to crack below the 36,000-mark, and touched a low of 35,996.68.</p>.<p>However, on emergence of buying in late afternoon trade, it staged a comeback to close the day 86.63 points, or 0.24 per cent, higher at 36,195.10 after scaling a high of 36,258.28.</p>.<p>The gauge had lost over 470 points in the previous two sessions.</p>.<p>Similarly, the 50-share NSE Nifty closed higher by 18.30 points, or 0.17 per cent, at 10,849.80 after shuttling between 10,866.35 and 10,798.65.</p>.<p>According to Joseph Thomas, Head Research, Emkay Wealth Management, the market was in a tight range, with no fresh news or triggers, throughout the trading day. The focus was more on the earnings announcements, which also did not give any surprises as yet.</p>.<p>Sectorally, real estate, IT, PSU banks were among the top gainers.</p>.<p>"IT stocks continue to depict strength for the last few sessions amid weaker rupee and strong set of results delivered by major players in a weak quarter," said Paras Bothra, President, Equity Research, Ashika Group.</p>.<p>"PSU banks probably derived strength from the liquidity easing talks between the government and RBI," he added.</p>.<p>Meanwhile, Tata Motors, Sun Pharma, Coal India and Bajaj Auto were the top losers that capped the gains, falling up to 2.27 per cent.</p>.<p>Domestic institutional investors (DIIs) made purchases worth Rs 583.77 crore, while foreign institutional investors (FIIs) sold shares worth a net of Rs 775.82 crore Wednesday, as per provisional data. </p>
<p>Domestic equity market on Thursday witnessed moderate recovery after choppy trade as both Sensex and Nifty reversed their two-day losing spell on the back of gains in heavyweights RIL, ITC and Yes Bank.</p>.<p>During the session, the BSE benchmark Sensex swung over 260 points both ways on alternate bouts of buying and selling by participants.</p>.<p>A significant gain in shares of Reliance Industries, Yes Bank, ITC, TCS and SBI, which rallied up to 8.39 per cent, largely boosted both the key indices.</p>.<p>The 30-share BSE Sensex, after opening higher at 36,146.55 points, gave up all gains and slipped into the negative terrain to crack below the 36,000-mark, and touched a low of 35,996.68.</p>.<p>However, on emergence of buying in late afternoon trade, it staged a comeback to close the day 86.63 points, or 0.24 per cent, higher at 36,195.10 after scaling a high of 36,258.28.</p>.<p>The gauge had lost over 470 points in the previous two sessions.</p>.<p>Similarly, the 50-share NSE Nifty closed higher by 18.30 points, or 0.17 per cent, at 10,849.80 after shuttling between 10,866.35 and 10,798.65.</p>.<p>According to Joseph Thomas, Head Research, Emkay Wealth Management, the market was in a tight range, with no fresh news or triggers, throughout the trading day. The focus was more on the earnings announcements, which also did not give any surprises as yet.</p>.<p>Sectorally, real estate, IT, PSU banks were among the top gainers.</p>.<p>"IT stocks continue to depict strength for the last few sessions amid weaker rupee and strong set of results delivered by major players in a weak quarter," said Paras Bothra, President, Equity Research, Ashika Group.</p>.<p>"PSU banks probably derived strength from the liquidity easing talks between the government and RBI," he added.</p>.<p>Meanwhile, Tata Motors, Sun Pharma, Coal India and Bajaj Auto were the top losers that capped the gains, falling up to 2.27 per cent.</p>.<p>Domestic institutional investors (DIIs) made purchases worth Rs 583.77 crore, while foreign institutional investors (FIIs) sold shares worth a net of Rs 775.82 crore Wednesday, as per provisional data. </p>