Closing Bell: Sensex rebounds 95 points to end above 39,000, Nifty also jumps by 27

Equity benchmark BSE Sensex rose 95 points on Wednesday, led by gains in IT and auto stocks, amid mixed cues from global markets. After swinging over 330 points in a choppy session, the 30-share BSE Sensex ended 94.99 points, or 0.24 per cent, higher at 39,058.83. It hit an intra-day high of 39,196.67 and a low of 38,866.08.

The broader NSE Nifty too advanced 15.75 points, or 0.14 per cent, to settle at 11,604.10. HCL Tech was the top gainer in the Sensex pack, rising 2.93 per cent, ahead of its quarterly results. Maruti Suzuki, SBI, HDFC, Hero MotoCorp and Infosys to gained up to 2.55 per cent. On the other hand, Bharti Airtel, Vedanta, ONGC, RIL, Kotak Bank and Yes Bank shed up to 3.59 per cent.

In the previous session on Tuesday, the 30-share BSE Sensex closed 334 points lower at 38,963. The broader NSE Nifty too tumbled 73 points to settle at 11,588. The rupee, meanwhile, depreciated 4 paise against the US dollar to trade at 70.98 in early session.

According to traders, domestic investors were cautious tracking global stocks that fell after British Prime Minister Boris Johnson on Tuesday "paused" his Brexit Bill for leaving the European Union (EU) by the October 31 deadline after MPs vote for it 329 to 299, but then voted against a crucial attached motion that would have seen it through by the end of the week.

Elsewhere in Asia, bourses in Shanghai, Hong Kong Tokyo and Seoul ended on a mixed note. Equites in Europe were also trading on a choppy note in their respective early deals. Meanwhile, the Indian rupee appreciated marginally to 70.92 against the US dollar intra-day. Brent crude futures, the global oil benchmark, fell 0.85 per cent to USD 59.19 per barrel.