Closing bell: Sensex marginally recovers from Wednesday fall, settles at 72,500.30 – Times of India

NEW DELHI: Sensex on Thursday marginally recovers from Wednesday fall as it climbs 195.41 points to settle at 72,500.30 whereas Nifty closed at 21,982.80, after advancing 31.65 points.
IndusInd Bank, Mahindra & Mahindra, HCL Tech, Power Grid, Maruti, State Bank of India, Titan, Asian Paints, Nestle, and UltraTech Cement were the major gainers among Sensex shares.
Reliance Industries closed slightly higher after announcing a proposed merger of media and entertainment assets of Viacom18 with Star India.
Hindustan Unilever, Bharti Airtel, Tata Motors, ITC, Tech Mahindra, and Axis Bank were among the losers.
Asian markets witnessed a decline in Seoul, Tokyo, and Hong Kong, while Shanghai ended on a positive note. European markets were mostly trading positively, while the US markets closed marginally lower on Wednesday.
Foreign Institutional Investors (FII), as per exchange data, sold equities worth Rs 1,879.23 crore on Wednesday.
Ajit Mishra, SVP – Technical Research at Religare Broking Ltd., stated that the markets were volatile on the monthly expiry day but managed to close slightly higher.
The BSE benchmark fell by 790.34 points or 1.08 percent on Wednesday to settle at 72,304.88, while the Nifty plunged 247.20 points or 1.11 percent to settle at 21,951.15.
Global oil benchmark Brent crude declined by 0.43 percent to USD 83.32 a barrel.