Sensex jumps by 1,148 points, Nifty closes at 15,246
Video Credit: ANI - Duration: 01:10s - Published
Sensex jumps by 1,148 points, Nifty closes at 15,246
Equity benchmark indices extended early gains and closed 2.2 per cent higher on Wednesday with metal and banking stocks gaining smart margins.
The market sentiment was upbeat after an expansion of the country's vaccination drive while easing US bond yields also boosted risk appetite.
The BSE SandP Sensex closed 1,148 points or 2.28 per cent higher at 51,445 while the Nifty 50 surged by 327 points or 2.19 per cent to 15,246.
Except for Nifty auto which slid by 0.6 per cent, all sectoral indices at the National Stock Exchange were in the green with Nifty metal up by 3.3 per cent, PSU bank by 3.1 per cent and private bank by 2.7 per cent.
Among stocks, Tata Steel rose by 5.3 per cent to Rs 774.80 per share while Hindalco and JSW Steel moved up by 3.9 per cent and 3.2 per cent respectively.
Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
#Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews
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