The market rebounded smartly by breaking out a bullish flag pattern formation on April 24 and closed with seven-tenth of a percent gains, led by buying in banking and financial services, FMCG and technology stocks.
The BSE Sensex jumped over 400 points to 60,056, while the Nifty50 closed above the crucial resistance of 17,700, climbing nearly 120 points to 17,743.