Mumbai, Nov 19 || The domestic equity indices settled sharply higher on Wednesday, recovering significantly from the early losses amid heavy buying in IT heavyweights and selected large-cap stocks.
Sensex ended the session at 85,186.47, up 513.45 points or 0.61 per cent. The 30-share index started the session in negative territory at 84,643.78 against last session's closing of 84,673.02. However, the index recovered over 700 points from early losses to hit an intraday high at 85,236.77 amid value buying in certain sectors.
Nifty closed at 26,052.65, up 142.60 points or 0.55 per cent.
"The index initially slipped into negative territory but found strong buying interest near the 25,850 support zone. From there, bulls took charge, propelling Nifty to reclaim and test the Technical & psychologically crucial 26,000 mark," Ashika Institutional Equities said in its market note.