Sensex, Nifty spurt over 1% on gains in energy, IT shares; rise for 4th day
The Hindu
Among the Sensex constituents, Tech Mahindra, Tata Consultancy Services, HCL Technologies, Reliance Industries, Infosys, State Bank of India, Wipro and Hindustan Unilever were the biggest gainers.
Benchmark BSE Sensex rallied nearly 630 points while Nifty closed above the 16,500 mark on Wednesday after sharp gains in IT and energy shares amid positive global market trends.
Buying in index majors Reliance Industries, Infosys and Tata Consultancy Services and FII inflows bolstered the sentiment.
Shares of firms related to oil exploration and refineries were in heavy demand, with Reliance Industries rallying 2.47% and ONGC by 4%, as the government slashed windfall tax on petrol, diesel, jet fuel and crude oil.
The 30-share BSE Sensex rallied 629.91 points or 1.15% to settle at 55,397.53. During the day, it jumped 862.64 points or 1.57% to 55,630.26.
The broader NSE Nifty climbed 180.30 points or 1.10% to 16,520.85.
Among the Sensex constituents, Tech Mahindra, Tata Consultancy Services, HCL Technologies, Reliance Industries, Infosys, State Bank of India, Wipro and Hindustan Unilever were the biggest gainers.
Mahindra & Mahindra, Sun Pharma, Kotak Mahindra Bank and Asian Paints were among the laggards.