Equity markets rally for second day; Sensex jumps 1%
The Hindu
Sensex, Nifty extended their rally on May 26, with the Sensex climbing 1%
Equity benchmark indices extended their previous day's rally on Friday, with the Sensex climbing 1%, amid buying in index major Reliance Industries, fresh foreign fund inflows and a largely positive trend in global markets.
The 30-share BSE Sensex jumped 629.07 points or 1.02% to settle at 62,501.69. During the day, it rallied 657.21 points or 1.06% to 62,529.83.
The NSE Nifty climbed 178.20 points or 0.97% to end at 18,499.35.
From the Sensex pack, Reliance Industries jumped 2.79%. Sun Pharma, Hindustan Unilever, HCL Technologies, Wipro, Tech Mahindra, UltraTech Cement, Tata Steel and Titan were among the other major gainers.
Bharti Airtel, Power Grid and NTPC were the laggards.
In Asian markets, Seoul, Tokyo and Shanghai ended in the green.
Equity markets in Europe were trading lower. The U.S. market ended mostly with gains on Thursday.
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