The Bombay Stock Exchange benchmark Sensex on Wednesday rebounded by notching up a gain of 203 points on buying support in heavyweight stocks, especially banking and metal sector shares.
The 30-share Sensex, which lost 169 points on Tuesday, bounced back by 202.89 points at 15,790.51. The index touched the day's high of 15,829.59 and a low of 15,464.72 points.
Similarly, the wide-based National Stock Exchange index Nifty gained 37.40 points at 4,747.05, after touching the day's high of 4,758.25 and a low of 4,667.50 points.
The recovery was aided by a steep rise in capital goods, bank and metal stocks. BHEL, Larsen and Toubro, HDFC Bank, ICICI Bank and Tata Steel recorded handsome gains on fresh buying by funds and investors.
Capital goods index gained the most by 333.63 points at 12,862.47, followed by bank index by 239.45 points at 8,192.26.
Metal index spurted by 234.38 points at 13,778.96, oil and gas index by 108.16 points at 10,571.03, power index by 82.45 points at 3087.93, PSU index by 76.10 points at 7316.32 and consumer durable index by 57.57 points at 3983.84.
As buying activity spilled over a wide front, the small-cap index rose by 126.94 points at 7,941.11 and mid-cap index by 88.49 points at 6,471.51.