Sensex Soars Over 500 Points, While Nifty Reaches New Highs

Equity benchmark indices rallied on Thursday, with Nifty hitting a new all-time high and the Sensex rising over 500 points as investors brought IT, automobile, and technology stocks.

After a tumultuous start, the equities market recovered in the second half of the day, particularly after 2.30 pm, as the 30-share benchmark Sensex rallied 535.15 points or 0.74 percent to 73,158.24.

The broader Nifty soared 162.40 points, or 0.74 percent to reach its highest-ever closing level of 22,217.45.

ABB India, Bajaj Auto, Bharat Electronics, HCL Technologies, Eicher Motors, and Coal India were the top gainers.

Among the laggards were Induslnd Bank, IOCL, Bajaj Holdings, HDFC Bank, Kotak Mahindra Bank and BPCL.

In Asian markets, Japan’s Nikkei 225 climbed over 2 percent to a record high, surpassing its 1989 level. Hong Kong’s Hang Seng, China’s Shanghai Composite, and South Korea’s Kospi all ended in the green.

On Wednesday, US equities concluded higher.

Today, European stocks were trading in positive territory.

According to the data exchange, Foreign Institutional Investors (FIIs) brought securities worth Rs 284.66 crores on Wednesday.

On Wednesday, Sensex and Nifty ended their six-day winning streak. While Sensex slid 434.31 points to close at 72,623.09, Nifty sank 141.90 points to finish the day at 22,055.05.

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