Sensex Surges 1,000 Points, Nifty Above 17,400; Auto, Financials, IT Stocks Soar

Among the Sensex 30 shares, ICICI Bank, Infosys, HDFC Bank, and Reliance Industries have contributed almost 50 per cent of the day’s gains so far

New Delhi: The key equity benchmark indices were in firm controls of bulls at Dalal Street on Wednesday.

Sensex and Nifty, the two domestic indices have extended gains after the Reserve Bank of India’s (RBI’s) monetary policy committee left the key interest rates unchanged for the ninth consecutive time.

The BSE Sensex surged 1,016 points at 58,649, while the NSE Nifty was at 17,469 points, up 293 points.  

Among the Sensex 30 shares, ICICI Bank, Infosys, HDFC Bank, and Reliance Industries have contributed almost 50 per cent of the day’s gains so far.

The broader markets have also logged smart gains, the BSE Midcap and Smallcap indices were up 1.2 per cent and 1.4 per cent, respectively. The overall market breadth too was extremely positive with gainers outpacing losers in the 2.6:1 ratio.

Wealth of investors surged by ₹7.5 lakh crore in two days as Sensex extended rebound on Wednesday.

Among sectoral indices, the BSE Energy, IT, Telecom, Bankex, Auto, Metal, and Realty indices were all up in the range of 1.5 per cent to 2 per cent.

The Asian markets also ended on a buoyant note. Shanghai Composite and Nikkei had rallied 1.2 per cent and 1.4 per cent, respectively. Kospi gained 0.3 per cent, and Taiwan added 0.2 per cent. Hang Seng ended on a flat note, while Straits Times was down 0.2 per cent.

Meanwhile, markets in Europe have started trade on a mixed note. The FTSE 100 and CAC 40 were up 0.2 per cent and 0.1 per cent, respectively, while DAX 30 was down 0.2 per cent. Elsewhere in US, Dow futures were up 0.2 per cent, and Nasdaq up 0.5 per cent.