Markets rebound to settle nearly 1% higher ahead of Budget, U.S. Fed interest rate decision
The Hindu
Recovering all the early lost ground, the 30-share BSE Sensex jumped 612.21 points or 0.86%
Benchmark equity indices climbed nearly 1% on Wednesday on buying in HDFC Bank and Reliance Industries.
Investors are eyeing the two important events lined up ahead — the interim budget and the U.S. Fed interest rate decision — to derive further cues from.
Recovering all the early lost ground, the 30-share BSE Sensex jumped 612.21 points or 0.86% to settle at 71,752.11. During the day, it zoomed 711.49 points or 1% to 71,851.39.
The Nifty climbed 203.60 points or 0.95% to 21,725.70.
Among the Sensex firms, Sun Pharma, Tata Motors, State Bank of India, Mahindra & Mahindra, Maruti, Bajaj Finserv, Power Grid and UltraTech Cement were the major gainers.
Larsen & Toubro declined over 4% after its December quarter earnings. Titan also ended lower from the 30-share pack.
In Asian markets, Tokyo, Shanghai and Hong Kong ended lower while Seoul settled in the green.
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