Sensex rose over 450 points to settle at 46,006 in a session marked with high volatility while Nifty ended 1% higher at 13,466.Strong buying in the IT and pharma majors combined with some recovery in the other sectors helped the benchmark to pare intraday losses and settle around the day’s high as well.
The Nifty IT index jumped 3.3%, led by strong gains in Infosys, HCL Tech and Tech Mahindra. The Nifty pharma index rose 2.2%.The broader markets too witnessed recovery and both the midcap and smallcap index posted decent gains of about 1% each.
Despite today's rebound, analysts remain cautious and warn of high volatility in coming sessions."We expect volatility to remain high in the following sessions too.