Sensex jumps over 1,000 pts, Nifty breaches 17,200

[ad_1]

Photo source: PTI

Sensex jumped above 1,000 points, Nifty breached 17,200

The equity benchmark Sensex rallied more than 1,000 points on Thursday to cross the 57,000-mark, tracking an overall bullish trend in global equities despite the US Federal Reserve hiking rate.

The 30-share BSE index rose 1,047.28 points, or 1.84 percent, to close at 57,863.93. Similarly, the NSE Nifty rose 311.70 points, or 1.84 percent, to 17,287.05.

HDFC Sensex was the top gainer in the pack, up 5.50 per cent, followed by Titan, Reliance, Kotak Bank, Asian Paints, Sun Pharma and Tata Steel.

On the other hand, Infosys and HCL Tech were lagging behind.

Elsewhere in Asia, shares of Tokyo, Seoul, Hong Kong and Shanghai ended with significant gains.

European stock exchanges traded on mixed notes in mid-session trading.

The US Federal Reserve on Wednesday approved a 0.25 percentage point increase in interest rates, marking the first increase since 2018. This indicates that further growth is needed to combat inflation.

International oil benchmark Brent crude rose 3.97 percent to 1 101.91 a barrel.

Foreign institutional investors became net buyers after their recent sale, raising shares worth Rs 311.99 crore on Wednesday, according to exchange data.

Latest business news

.

[ad_2]

Leave a Reply

Your email address will not be published.