City
Epaper

Sensex Jumps 1041 Points For The Second Consecutive Day In The Stock Market

By Lokmat English Desk | Updated: July 28, 2022 18:36 IST

Open in App
1 / 6
Extending gains for the second straight session, the equity benchmark Sensex jumped by nearly 2 per cent to soar past the 56,000-mark on Thursday, propelled by robust buying in finance, banking and IT stocks
2 / 6
Value-buying persisted in blue chips as well as select mid- and small-cap counters after their recent spell of weakness, traders said.
3 / 6
A strong recovery in the rupee further boosted domestic equities despite the US Federal Reserve hiked rates to tame inflation, they added.
4 / 6
The US Federal Reserve on Wednesday raised key interest rates by 75 basis points for the second straight month.
5 / 6
The 30-share BSE benchmark jumped 1,041.47 points or 1.87 per cent to settle at 56,857.79. During the day, it rallied 1,097.9 points or 1.96 per cent to 56,914.22.
6 / 6
The broader NSE Nifty advanced 287.80 points or 1.73 per cent to 16,929.60. The Nifty rose sharply after the US Fed’s comments hinting at a possibility of a slower pace of monetary tightening, Deepak Jasani, Head of Retail Research, HDFC Securities, said.
Tags: niftySensex
Open in App

Related Stories

BusinessStock Market Crash: HMPV Outbreak In India Scare Investors As Sensex Tanks By Over 1,000 Points

BusinessStock Market Today: Sensex Drops 142 Points, Nifty Below 23,765 in Early Trade

NationalStock Market Update: Adani Group Shares Continue Rally, Nifty Hits Resistance Zone

BusinessStock Market Soars: Sensex Jumps 2,000 Points, Nifty Gains 590 Points

BusinessWhy Is the Stock Market Falling? 5 Key Reasons Behind the Sensex and Nifty Crash

Business Realted Stories

BusinessIndia will soon be reaching take-off stage in export sector: JS, Commerce and Industry Ministry

BusinessDraft Digital Personal Data Protection Rules, 2025, prioritises India's commitment to citizen-centric governance: PM Modi

BusinessBhashini-Enabled e-Shram Portal now available in all 22 Scheduled Languages

BusinessMahindra launches premium pack three variants for BE 6 and XEV 9e with affordable EMI options

BusinessReliance to see recovery in 2025, driven by telecom, retail and refining: Bernstein