Investors dump FMCG for financials; Sensex gains 375 pts, ends above 48K

Equity benchmarks darted up on Thursday after two sessions of losses as investors piled into banking and finance stocks, even as the deteriorating Covid-19 situation remained a concern.
 
The benchmarks were propped up by bargain-hunting in select frontline counters as well as supportive global cues, traders said. After skidding 501 points in the opening session, the Sensex pared all losses to end 374.87 points or 0.79 per cent higher at 48,080.67. Similarly, the broad­er Nifty jumped 109.75 points or 0.77 per cent to finish at 14,406.15. ICICI Bank was the top gainer in the Sensex pack, spurting 3.60 per