Sensex Rebounds Over 1,500 Points Tracking Global Peers, Nifty Trades Above 16,700

INSUBCONTINENT EXCLUSIVE:
Investors' wealth zoomed by more than Rs 6.60 lakh crore to Rs 2,48,84,600.65.New Delhi: The Indian equity indices rebounded on Friday after
a massive crash in the previous session, tracking its global peers
Asian shares regained ground following Wall Street's overnight lead as United States President Joe Biden hit back at Russia with harsh
broader NSE Nifty moved 463 points or 2.85 per cent higher to 16,711.Mid-and small-cap shares were trading on a positive note as Nifty
Exchange -- were trading in green
Nifty PSU Bank and Nifty Metal were outperforming the index by rising as much as 4.85 per cent and 3.85 per cent, respectively.On the
stock-specific front, Tata Motors was the top Nifty gainer as the stock soared 6.73 per cent to Rs 456.75
IndusInd Bank, UPL, Adani Ports and Tata Steel were also among the gainers.On BSE, the overall market breadth was strong as 2,189 shares
were advancing while 549 were declining.Investors' wealth zoomed by more than Rs 8.23 lakh crore to Rs 250.48 lakh crore.All Sensex
constituents were trading with gains
Tata Steel, Tech Mahindra, Wipro, M-M and UltraTech Cement were among the top gainers as their shares jumped as much as 4.12 per cent.Sensex
had crashed 2,702 points or 4.72 per cent to close at 54,530 on Thursday; while Nifty had moved 815 points or 4.78 per cent lower to settle
at 16,248
Both the indexes had plunged for the seventh straight session, marking their worst run since March 2020.