Sensex, Nifty rally nearly 1%; key indices rise for fourth straight trading session

A day ahead of RBI’s monetary policy review, the 30-share BSE Sensex surged 582.87 points or 0.99% to settle at 59,689.31 points. The broader NSE Nifty jumped 159 points or 0.91% to close above the 17,500 level.

Sensex and Nifty rallied nearly 1% on April 5 as the benchmark indices closed in the positive territory for the fourth straight trading session on the back of gains in IT and financial shares.

A day ahead of the Reserve Bank of India's monetary policy review, the 30-share BSE Sensex surged 582.87 points or 0.99% to settle at 59,689.31 points. As many as 21 stocks in the index ended in the green and nine in the red.

After a gap-up opening, the index touched a high of 59,747.12 points during the intra-day session.

The broader NSE Nifty jumped 159 points or 0.91% to close above the 17,500 level at 17,557.05 points. A total of 37 Nifty shares gained while 13 declined.

Among the Sensex stocks, Larsen & Toubro rose the most by 3.96% after the company announced a major project win in the Middle East.

HDFC, HDFC Bank, Sun Pharma, ITC, HUL, Titan, TCS, HCL Tech, Asian Paints, Bajaj Finance, Infosys and Tata Steel were among the major gainers.

On the other hand, IndusInd Bank fell the most by 1.26%, followed by Mahindra & Mahindra, NTPC, SBI and Maruti.