Stock markets rebound strongly, Sensex rallies 879 points, Nifty ends above 22,500
Benchmark indices Sensex and Nifty rebounded strongly to close significantly higher, supported by value buying and short covering after the recent sharp correction. The 30-share BSE Sensex closed 879.09 points or 1.23 per cent higher at 72,472.33. During the day, the benchmark hit a high of 72,669.20 and a low of 71,739.49, gyrating 929.71 points. Similarly, the 50-share NSE Nifty gained 288.65 points or 1.30 per cent to close at 22,520.45. Similarly, the broader market ended the session in green. The BSE MidCap Select Index jumped 272.60 points, or 1.59 per cent, while the BSE SmallCap Select Index added 49.71…