The benchmark BSE Sensex rebounded 123.69 points to close at 25,866.95 in the first session of Samvat 2072 while Nifty ended 41.65 points higher at 7,825.00.
Relinquishing Tuesday’s losing streak, Sensex and Nifty opened in green in Muhurat traded, conducted on the auspicious occasion of Diwali.
Market mood changed for the better amid renewed optimism after the government pushed ahead with major reforms, relaxing FDI rules in 15 sectors such as civil aviation, banking, defence, retail and news broadcasting and eased process for approval of foreign investment.
The benchmark Sensex lost 1,043.97 points, or 3.89 per cent, during Samvat 2071 and the NSE Nifty too recorded a fall of 212.55 points or 2.65 per cent.
Early gains were trimmed as some investors booked profits to commence their books with gains on the first special Muhurat session of Hindu Samvat 2072 year, brokers said.
Investors were seen in a cheerful mood and widened their positions in frontliners as well as midcap and smallcap stocks to mark the beginning of their new accounts, they added.
Stock markets will remain closed tomorrow on account of ‘Diwali Balipratipada’ and resume regular trading on Friday (November 13).