Indices rebound as stimulus, earnings help offset coronavirus fears

Analysts said though markets are concerned about the delta variant the availability of more vaccines is reassuring

Domestic markets rebounded from a two-week low as global investors brushed aside worries over the delta variant of the coronavirus on hopes that central banks will continue their monetary policy support for some more time and optimism around corporate earnings.

Gaining for the first time in four days, the benchmark BSE Sensex rose 638 points and ended the session at 52,837, a gain of 1.2 per cent—the most since May 21. The Nifty rose 192 points to end the session at 15,824 or 1.2 per cent gain.

Analysts said though markets are concerned about the delta variant the availability of more vaccines