MUMBAI: The domestic stock market on Friday rebounded, after sinking as much as 2%, as the central bank raised the cash reserve ratio (CRR) by 75 basis points, more than what economists expected. Still, one stock fell for each that gained. The Sensex, which opened at 16,253.82 points, shut shop at 16,357.96 points, up 51.09 points, or 0.31% from its previous close at 16,306.87 points. It had earlier fallen over 325 points or nearly 2% to 15,982.08 points below its previous close.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty closed at 4,882.05 points against the previous close at 4,867.25 points — a gain of 0.3%. The BSE 200 Index gained 0.6% to 2,066.90. The broader market also witnessed a change in sentiments with buying resulting in the BSE Mid-Cap index closing 1.01% up and the BSE Small-Cap index ending 1.2% higher. Banking stocks, realty and consumer goods scrips saw buying interest, while FMCG, metal and telecom stocks came under selling pressure.

ICICI Bank, the country’s second-biggest lender, rose the most in three months. Hindustan Unilever, the biggest household products maker, fell the most in three months. The market breadth was positive with 1,471 stocks advancing against 1,354 scrips declining and 62 remaining unchanged.

Among gainers on the Sensex were ICICI Bank, up 5.29% at Rs 830.40; BHEL, up 3.1% at Rs 2,406.45; SBI, up 2.37% at Rs 2,058; and DLF, up 2.54% at Rs 332.80. Top losers included Hindustan Unilever, down 4.44% at Rs 244.10; Wipro, down 3.8% at Rs 647.40; Tata Motors, down 2.92% at Rs 694.35; and Tata Steel, down 2.83% at Rs 569.

Other major Asian markets closed in the red, with the benchmark Japanese index, Nikkei, ending 2.08% lower at 10,198.04 points, and the Korean Kospi 2.44% down at 1,602.43 points. The Hang Seng of the Hong Kong Stock Exchange ended 1.15% lower at 20,121.99 points.

The Chinese Shanghai composite index too closed marginally in the red, at 2,989.29 points, 0.16% down. European markets were ruling higher Friday, a day after bearing the brunt of a huge sell-off. At closing bell here, FTSE 100, the benchmark index of the LSE, was ruling 0.74% higher at 5,183.7 points, while the French index, CAC 40, was up 0.84% at 3,719.95 points.