Indian equities bounced back on Thursday snapping earlier losses. At 10.35 a.m, the Sensex was trading up 128.60 points or 0.41% at 31,412.24 with 18 components gaining. Meanwhile, the Nifty was trading higher by 33.60 points or 0.35% at 9,667.20 with 35 components gaining.

Major gainers in the 30-share index were Sun Pharmaceutical Industries (1.67%), Reliance Industries (1.47%), Bharat Heavy Electricals (1.17%), Housing Development Finance Corporation (1.02%), Mahindra & Mahindra (1.01%), and Maruti Suzuki India (0.99%).

On the other hand, GAIL (India) (2.20%), Hindustan Unilever (1.82%), Oil & Natural Gas Corporation (1.27%), Tata Power Company (0.86%), Wipro (0.84%), and Coal India (0.80%) were the major losers in the Sensex.

Market breadth was positive with 1,225 advances against 710 declines.

Indiabulls Real Estate topped the value chart on the BSE with a turnover of Rs. 6,997.33 million. It was followed by Force Motors (Rs. 598.60 million), Marico (Rs. 523.39 million) and D F M Foods (Rs. 371.92 million).

The volume chart was led by Indiabulls Real Estate with trades of over 34.46 million shares. It was followed by Jaiprakash Associates (6.63 million), G M R Infrastructure (3.06 million) and Amtek Auto (2.89 million).