Sensex surges 690 pts to reclaim 71k mark; Nifty above 21,450; metal, telecom stocks shine

Equity benchmark indices Sensex and Nifty rebounded sharply by 1 per cent on Wednesday after sliding for the past two sessions, propelled by bargain hunting in metal, commodity and telecom stocks. Trading through a patchy track in the opening session, the 30-share BSE Sensex gradually gained ground and jumped 689.76 points, or 0.98 per cent, to settle at 71,060.31. The benchmark moved between an intra-day high of 71,149.61 and a low of 70,001.60. The broader NSE Nifty also closed 215.15 points or 1.01 per cent higher at 21,453.95.