Sensex rebounds from 1-year low Tuesday August 25,2015

Indian shares jumped nearly one % on Tuesday August 25,2015, rebounding from their lowest levels in a year, as markets were seen as oversold, while the sentiment was also helped after the government said it would make another attempt to pass the goods and services tax.

A strong opening in European markets and buying at lower levels helped the markets recover from lower levels. 

The 30-share BSE index Sensex ended higher by 290.82 points or 1.13 % at 26,032.38, after falling by nearly 450 points to 25,298 earlier in the day. 

Similarly, the NSE index Nifty was up 71.70 points or 0.92 % at 7,880.70 after earlier declining to 7,667. 

Barring IT, all other BSE sectoral indices ended in the green. Among them, realty index was the star-performer and was up 6.78 %, followed by metal 4.04%, oil & gas 3.73 % and PSU 2.54 %, while IT index was down 0.48 %

Top five Sensex gainers were VEDL (7.73%), Tata Motors (+6.3%), Coal India (+5.23%), ICICI Bank (+5.06%) and Axis Bank (+4.18%), while the major losers were HDFC (-1.82%), Maruti (-1.2%), Infosys (-0.56%), L&T (-0.48%) and TCS (-0.46%).