Indian equities bounced back on Thursday snapping earlier losses. At 10.16 a.m, the Sensex was trading up 281.12 points or 0.99% at 28,788.54 with 26 components gaining. Meanwhile, the Nifty was trading higher by 85.15 points or 0.97% at 8,862.30 with 47 components gaining.

Biggest gainers in the 30-share index were Hero Motocorp (2.79%), ICICI Bank (2.19%), Reliance Industries (1.88%), Maruti Suzuki India (1.87%), State Bank Of India (1.87%), and Tata Steel (1.84%).

On the other hand, Tata Consultancy Services (0.56%), Wipro (0.33%), and Infosys (0.26%) were the biggest losers in the Sensex.

Market breadth was positive with 1,463 advances against 468 declines.

Gujarat Pipavav Port topped the value chart on the BSE with a turnover of Rs. 325.25 million. It was followed by I C I C I Bank (Rs. 209.38 million), Asahi Songwon Colors (Rs. 181.66 million) and Ceat (Rs. 175.68 million).

The volume chart was led by G T L Infrastructure with trades of over 6.21 million shares. It was followed by Gujarat Pipavav Port (1.86 million), Sharon Bio-Medicine (1.82 million) and GVK Power & Infrastructure (1.22 million).