Sensex, Nifty jump nearly 2% powered by rally in Reliance Industries, firm Asian markets
The Hindu
The 30-share BSE Sensex jumped 1,240.90 points or 1.76% to settle at 71,941.57. During the day, it soared 1,309.55 points or 1.85% to 72,010.22
Benchmark equity indices Sensex and Nifty rebounded sharply on January 29, surging nearly 2%, on heavy buying in Reliance Industries and a rally in Asian markets.
The 30-share BSE Sensex jumped 1,240.90 points or 1.76% to settle at 71,941.57. During the day, it soared 1,309.55 points or 1.85% to 72,010.22.
The Nifty climbed 385 points or 1.80% to 21,737.60.
Among the Sensex firms, Reliance Industries jumped nearly 7%, contributing the most to the rally in markets.
Tata Motors, Power Grid, Larsen and Toubro, Kotak Mahindra Bank, NTPC, Titan and UltraTech Cement were the other major gainers.
ITC, Infosys, JSW Steel, Tech Mahindra and Tata Consultancy Services were the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong settled in the positive territory while Shanghai ended lower.
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