Sensex and Nifty Rebound After Three-Day Decline

Indian equities rebounded in morning trading on Friday, October 23, after three consecutive sessions of declines, with buying in information technology shares and gains in Reliance Industries supporting the Sensex and Nifty. Elevated crude prices and concerns over tensions in West Asia limited the advances. The Sensex rose 187.68 points, or 0.26%, to 73,437.07 in one morning market snapshot, while the Nifty gained 11.10 points, or 0.05%, to 22,698.75. A separate opening snapshot reported the Sensex up 335 points at 73,665.64 and the Nifty up 47 points at 22,742.20. These were trading observations, not closing figures. Tata Consultancy Services rose more than 3% and was the biggest gainer among Sensex constituents in the morning report. Infosys, Reliance Industries, Larsen & Toubro, HCL Technologies, Axis Bank, Bharti Airtel, Sun Pharmaceuticals, ICICI Bank, Asian Paints and ITC also traded higher. Tata Steel, Titan, Adani Ports, Bharat Electronics, IndiGo, Mahindra & Mahindra, Trent, Bajaj Finserv, Maruti Suzuki India, Hindustan Unilever and PowerGrid were among the stocks that fell. Brent crude traded above $114 a barrel, with one market report describing a rise of nearly 1%...