Sensex Surges 385 Points, Nifty Settles Above 17,050; Power Grid, Indian Oil, ITC Among Top Gainers
NDTV
The Indian equity benchmarks on Thursday continued to trade higher for the third straight session on strong global cues.
New Delhi: The Indian equity benchmarks on Thursday continued to trade higher for the third straight session on strong global cues. Investors' sentiment improved after a study showed hospitalisation risk from Omicron was lower compared with the Delta coronavirus variant. According to research by London's Imperial College, the risk of hospitalisation for patients with the Omicron variant is 40 per cent to 45 per cent lower than for patients with the Delta variant.
The benchmark BSE Sensex rose 385 points or 0.68 per cent to close at 57,315; while the broader NSE Nifty moved 117 points or 0.69 per cent up to settle at 17,073.
Mid- and small-cap shares jumped as Nifty Midcap 100 index climbed 0.90 per cent and Nifty Smallcap 100 index surged 1.27 per cent.
13 out of 15 sector gauges -- compiled by the National Stock Exchange -- settled in green. Nifty FMCG, Nifty PSU Bank and Nifty IT jumped as much as 1.56 per cent.
