Sensex and Nifty50 Soar Over 2% on Large-Scale Gains on Strong Global Indices


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The Sensex and Nifty50 extended gains for a second straight day on Tuesday amid strong global signals. Financials, IT, Oil & Gas and Metals stocks were the biggest risers for both major indexes.

India’s equity benchmarks jumped on Tuesday amid gains across all sectors, after an overnight rebound on Wall Street sent a strong signal to the rest of the world. Financials, IT, Oil & Gas and Metals stocks were the biggest increases for Sensex and Nifty50.

The headline indices jumped as much as 2.1% in the first few minutes of building trade on a bullish start. The 30-certificate gauge jumped 1,184.9 points to hit 57,973.7 at the highest level of the day so far, and the Nifty climbed to 17,236, up 348.6 points. compared to its previous close.

Globally, bulls have made a comeback in equities, after days of heavy selling amid fears over the potential impact of sharp COVID-era interest rate hikes to combat the galloping inflation.

The overall market breadth strongly favored the bulls, as 2,172 stocks rose and 332 fell on BSE.

Sensex and Nifty50 Soar Over 2% on Large-Scale Gains on Strong Global Indices

The Indian market will remain closed on Wednesday for Dussehra.

Global Markets

Oct 3 (Reuters) – All three major Wall Street indices rallied to close more than 2% on Monday as U.S. Treasury yields fell on weaker-than-expected manufacturing data, boosting equities’ early appeal of the last quarter of the year. Indices up: Dow 2.66%, S&P 500 2.59%, Nasdaq 2.27%

(This story will be updated shortly)


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