Sensex rebounds 503 pts, Nifty tops 16,150; banking stocks shine

Equity markets recovered on Thursday after falling for the past three days, with the Sensex jumping over 500 points, aided by buying in HDFC twins and ICICI Bank amid mostly positive trends in global equities. The 30-share BSE Sensex rallied 503.27 points or 0.94 per cent to settle at 54,252.53. During the day, it zoomed 596.96 points or 1.11 per cent to 54,346.22. The broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15.

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