Sensex surges, Nifty races towards 8450

Equity trading tips: Sensex surges, Nifty races towards 8450; private banks lead

YES Bank Q4 profit jumps 28% on strong NII, other income

8K Miles Software acquires US-based Cintel, stock up 6%

Sesa Sterlite renamed as Vedanta Limited

M&M opens Rs 250-cr manufacturing unit in Telangana

Govt reconfirms appointment of Sarraf as ONGC head

The Sensex ended the day at 27,890.13; up 214.09 points. Nifty closed session at 8,429.70; up 51.95 points up.

The 30-stock index saw a wild swing of 561 points in the last two hours of trade.

The markets today bounced back from a four-week low, snapping a five-session losing streak as blue-chips such as Sun Pharmaceutical Industries rose on value buying.

Sun Pharma closed up 1.64 percent. The stock had fallen 8.8 per cent on Tuesday, its worst daily fall in six years.

Top gainers

HUL (3.7%), HERO MOTOCORP (3.6%), L&T (3.4%), AXIS BANK (3.3%), DR. REDDY'S (2.8%)

Top Losers

WIPRO (-6.0%), ONGC (-2.7%), SBI (-1.9%), GAIL (-0.9%), TATA MOTORS (-0.5%)