Markets bounce back from intra-day lows! Sensex up 480 points, Nifty closes above 22,550 led by PSU banks and pharma stocks

The Indian equity indices on Thursday recovered from intra-day lows after a weak start. Sensex advanced 486 points or 0.66% to close the day’s trading at 74,339.44. The Nifty 50 closed 167.95 points or 0.75% higher after a volatile session at 22,570.35. The gainers included Axis Bank, SBI, Dr Reddy’s Lab, JSW Steel, and Nestle India. The Indian Volatility Index (India VIX) was up 4.38%.&nbs…

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