Business
Sensex Gets A Breather , Rise In Points Buoyed By Big Bang Refoms In GST Regime By Diwali
Stock markets rose sharply , with Sensex closing higher by 676 points and Nifty climbing 1 per cent on heavy buying in auto and consumer durables stocks
Stock markets rose sharply , with Sensex closing higher by 676 points and Nifty climbing 1 per cent on heavy buying in auto and consumer durables stocks, buoyed by plans for big bang reforms in the GST regime by Diwali.
The 30-share BSE Sensex jumped 676.09 points or 0.84 per cent to settle at 81,273.75. During the day, it zoomed by 1,168.11 points or 1.44 per cent to 81,765.77.
The 50-share NSE Nifty climbed 245.65 points or 1 per cent to end at 24,876.95. Intra-day, it surged 390.7 points or 1.58 per cent to 25,022.
AS reported by PTI, The global rating agency S&P’s upgrade of India’s sovereign credit rating, as well as US-Russia talks over the Ukraine war, also boosted market sentiment, analysts said.
Among Sensex firms, Maruti zoomed the most by 8.94 per cent.
Bajaj Finance rallied over 5 per cent, UltraTech Cement by 3.71 per cent, and Bajaj Finserv by 3.7 per cent.
Mahindra & Mahindra, Hindustan Unilever and Trent were also among the gainers.