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Banks help Sensex rise 261 points higher amid rebound in global stocks; Nifty above 19,800
From the Sensex pack, Power Grid, Kotak Bank, Tech Mahindra, and Bajaj Finserv were the top gainers, rising 1-2%. While Tata Motors, L&T, IndusInd Bank and TCS closed in the red. Among individual stocks, Ceat closed 4.5% higher after the company reported a consolidated net profit of Rs 208 crore in Q2 FY24, compared with Rs 7.83 crore a year earlier