Markets stage a comeback as RIL rebounds; ITC, Infosys, Tech Mahindra rise

Equity benchmark Sensex overcame a wobbly start to close with smart gains on Thursday, propelled by hectic buying in index heavyweight Reliance Industries amid expiry of monthly derivative contracts. A depreciating rupee, persistent foreign fund outflows and mixed global cues capped the gains, traders said.

Reversing the previous session's losses, the 30-share index ended 454.10 points or 0.78 per cent higher at 58,795.09. Similarly, the broader NSE Nifty surged 121.20 points or 0.70 per cent to close at 17,536.25. Reliance Industries hogged the limelight in the Sensex pack, soaring 6.10 per cent, followed by ITC, Infosys, Tech Mahindra, Kotak Bank, Titan