Indian equity indices rebounded on September 23, with the Nifty reclaiming the 23,400-mark, led by broad-based buying across sectors, barring IT stocks.

Despite mixed global cues, the market opened higher and extended gains through the session, supported by buying in metal, realty and FMCG stocks.

The continued decline in oil prices for a sixth straight session also aided sentiment, while selling pressure in IT stocks capped the upside.

At close, the Sensex was up 299.17 points or 0.40 percent at 74,828.25, and the Nifty was up 117.80 points or 0.50 percent at 23,446.80.

Broader markets snapped a two-day losing streak, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.7% and 0.9%, respectively.

Biggest Nifty gainers were Tata Steel, Bajaj Finance, Hindalco Industries, JSW Steel, Apollo Hospitals, while losers included Coal India, HCL Technologies, Titan Company, TCS and Infosys.

Metals led sectoral gains, surging 2.4 percent, while Telecom, PSU banks, realty and FMCG rose more than 1 percent each. IT fell 0.8 percent and media slipped 0.5 percent.

More than 170 stocks touched 52-week high, including Inventurus Knowledge Solutions, Welspun Corp, Shyam Metalics, Welspun Living, RBL Bank, Redington, among others.

Among individual stocks, Prime Focus shares fell over 6% after Brahma AI raised $150 million through an equity issuance, while Optiemus Infracom rallied 17% as around 15.85 lakh shares changed hands in block deals.

Bajaj Finance and L&T Finance gained 2-3% after UBS upgraded Bajaj Finance to ‘Neutral’ and L&T Finance to ‘Buy’. Texmaco Infrastructure rose 7% after 1.28 crore shares changed hands in a block deal.

Persistent Systems slipped 2.5% after acquiring a 61.15% stake in Nagarro SE, while Allcargo Terminals gained 8% after August volumes rose 6%, and 360 ONE WAM advanced more than 3% after Aashish Agarwal was appointed CEO.

New Listings

Hero Motors ended 17% higher at Rs 98.50 after a muted listing at Rs 82 on the NSE, a 2.38% discount to its IPO price of Rs 84 per share.

SS Retail surged 80.87% to Rs 767 after making a strong debut, listing at a premium of over 50% to its IPO price of Rs 124 on the BSE.

Jindal Supreme gained 81% to Rs 128 after listing at Rs 120, a premium of more than 29% over its IPO price of Rs 93 per share.

The Indian rupee snapped its five-day gaining streak, ending 15 paise lower at 95.74 per dollar on Wednesday, compared with Tuesday’s close of 95.59.