Business
Upswing : BSE Rises With 124 Points , NIFTY Sees A Jump Above 25K ; US Tarrifs Dragged Main Index Down
The 50-share NSE Nifty rose by 32.40 points or 0.13 per cent to close at a nearly three-week high of 25,005.50, marking its seventh consecutive day of gains.
File Picture : ANI /X
Benchmark BSE Sensex climbed 124 points while broader Nifty settled above 25,000 , tracking a rally in global peers amid Fed rate cut hopes.
According to media reports, Rallying for the fourth day in a row, the 30-share Sensex climbed 123.58 points or 0.15 per cent to settle at 81,548.73.
During the day, it rallied 217.07 points or 0.26 per cent to 81,642.22.
The 50-share NSE Nifty rose by 32.40 points or 0.13 per cent to close at a nearly three-week high of 25,005.50, marking its seventh consecutive day of gains.
Among Sensex firms, NTPC, Axis Bank, Power Grid, Bharti Airtel, Eternal and Sun Pharma were the major gainers.
However, Infosys, Titan, UltraTech Cement and Hindustan Unilever were among the laggards.
“The Nifty50 index has closed above the critical threshold of 25,000.
“The unexpected imposition of a 50 per cent tariff on India by the US initially dragged the main index down to 24,400,” Vinod Nair, head of research, Geojit Investments Limited, said.