Mumbai, Nov 19: Equity benchmark indices Sensex and Nifty bounced back on Tuesday after days of downtrend on value-buying at lower levels and rally in blue-chip stocks HDFC Bank, Tech Mahindra and M&M.

Continuous buying by domestic institutional investors also supported the indices, traders said.

Snapping its four days of decline, the BSE benchmark Sensex climbed 239.37 points or 0.31 per cent to settle at 77,578.38. However, fag-end decline in Reliance Industries restricted the market rally. During the day, it zoomed 1,112.64 points or 1.43 per cent to 78,451.65.

The NSE Nifty also bounced back after falling in the past seven trading days. It went up by 64.70 points or 0.28 per cent to settle at 23,518.50.

From the 30-share Sensex pack, Mahindra & Mahindra, Tech Mahindra, HDFC Bank, Titan, Tata Motors, UltraTech Cement, Power Grid and Infosys were the biggest gainers.

In contrast, Reliance Industries, State Bank of India, Bajaj Finserv, Maruti, Tata Steel and Bharti Airtel were among the laggards.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,403.40 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 2,330.56 crore, according to exchange data.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled higher.

European markets were trading lower. The US markets ended mostly higher on Monday.

Global oil benchmark Brent crude dipped 0.25 per cent to USD 73.12 a barrel.

The 30-share BSE benchmark dropped 241.30 points or 0.31 per cent to settle at 77,339.01, registering its fourth day of decline on Monday. Falling for the seventh day in a row, the Nifty dipped 78.90 points or 0.34 per cent to 23,453.80.

Leading stock exchanges BSE and NSE have declared a trading holiday on November 20 for assembly elections in Maharashtra.

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Bengaluru, Dec 25: Three people were arrested for throwing an egg at BJP MLA Munirathna during an event here on Wednesday, police said.

The MLA was participating in an event to mark the birth anniversary of former Prime Minister Atal Bihari Vajpayee at Nandini Layout in the city when miscreants threw an egg at him, a police officer said.

The MLA accused Deputy Chief Minister D K Shivakumar, his brother and former MP D K Suresh, and their confidantes of "orchestrating" the attack.

"This was an attempt to kill me. Nearly 150 people were brought in to finish me. I would have been killed if my supporters and policemen were not present. D K Shivakumar, D K Suresh, Hanumantharayappa, and some others were involved," Munirathna alleged.

Shivakumar, who was in Belagavi, rejected the allegation, saying he was busy preparing for the centenary celebrations of the 1924 Indian National Congress session, which was presided over by Mahatma Gandhi.

Suresh also dismissed the charge, claiming that Munirathna was "threatening" Congress workers in his area.

He alleged that the MLA had staged the attack to divert public attention from the issue.

Karnataka Home Minister Parameshwara confirmed the arrests. "Three people have been arrested. The investigation is ongoing to identify who they are and why they did it," he told reporters.

BJP state president B Y Vijayendra condemned the attack.

"Such an attack is not just an insult to Munirathna, but the entire state. Just because you (Congress) are in power, you are attacking people. An attack on a public representative is highly condemnable," Vijayendra told reporters.

Union Minister Pralhad Joshi and former Minister C T Ravi also condemned the incident.

Munirathna, who is facing several police cases, including a rape case, was recently released on bail.

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