Indian equity benchmarks recovered on Thursday after
falling for the three consecutive days, with the Sensex gaining over 500
points, supported by buying in HDFC twins and ICICI Bank amid mostly positive
trends in global equities.

The BSE Sensex rallied 503.27 points or 0.94% to close at
54,252.53. During the day, it jumped 596.96 points or 1.11% to 54,346.22.

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The broader NSE Nifty surged 144.35 points or 0.90 points
to settle at 16,170.15. The broader indices ended in green with the BSE Midcap
index up by 1.44%, while the Small cap index was up by 0.78%.

The top gaining sectoral indices on the BSE were Metal up
by 3.35%, Bankex up by 2.15%, Basic Materials up by 1.76%, Realty up by 1.43%
and PSU up by 1.42%, while FMCG down by 0.09% was the only losing index on BSE.

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Major gainers from the Sensex pack were Tata Steel up by
5.27%, SBI up by 3.26%, HDFC Bank up by 2.96%, Axis Bank up by 2.82%, HDFC up
by 2.82%, Nestle up by 2.28%, ICICI Bank up by 2.20%, TCS up by 1.96% and Wipro
up by 1.93%.

Among the laggards were ITC down by 2.13%, Sun Pharma
down by 1.16%, Reliance Industries down by 0.91%, Hindustan Unilever down by
0.83% and Larsen & Toubro down by 0.67%.

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The rupee slipped 2 paise to close at Rs 77.57 against
the US dollar.

Among Asian markets, Shanghai settled in the green while,
Hong Kong, Seoul and Tokyo settled marginally lower.

European stock exchanges were trading in the positive
zone in the afternoon trade.

US stock markets had ended higher on Wednesday.

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Brent crude, the international oil benchmark jumped 0.54%
to USD 114.7% per barrel.

According to stock exchange data, foreign institutional
investors sold shares worth a net Rs 1,803.06 crore on Wednesday.