Sensex, Nifty jump nearly 2% to hit over two-week highs on rally in global peers
The Hindu
Sensex and Nifty surge to two-week highs with strong gains in IT shares and global market rally.
Benchmark Sensex spurted by 1,330 points to close at a more than two-week high while Nifty rallied 397 points to settle above the 24,500 level following buying in IT shares and Reliance Industries and a sharp global stocks rally.
The 30-share BSE Sensex jumped 1,330.96 points or 1.68% to settle at 80,436.84, marking its best single-day gains in more than two months. During the day, it zoomed 1,412.33 points or 1.78% to 80,518.21.
The NSE Nifty surged 397.40 points or 1.65% to close at a two-week high of 24,541.15.
From Sensex firms, Tech Mahindra, Mahindra & Mahindra, Tata Motors, UltraTech Cement, Tata Consultancy Services, HCL Technologies, ICICI Bank and Tata Steel were the biggest gainers.
Sun Pharma emerged as the only laggard.
All the sectoral indices closed in green. BSE Midcap spurted 1.8% while Smallcap index rose by 1.7%.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled significantly higher. European markets were trading mostly in the green. The U.S. markets ended with sharp gains on Thursday (August 15, 2024).
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