Hectic buying propels market rally for 4th day; Sensex up 1%
Driven by across-the-board buying amid a mixed trend in global equities after the US Federal Reserve maintained its rate cut projections for this year, stock market benchmarks Sensex and Nifty continued their rising streak for the fourth straight session and climbed over 1 per cent on Thursday.
According to market experts, the investor sentiment was boosted by hectic buying in market heavyweights Reliance Industries, Bharti Airtel and IT stocks.
Regaining the 76,000 level, the 30-share BSE benchmark Sensex soared 899.01 points or 1.19 per cent to settle at 76,348.06. It climbed 1,007.2 points or 1.33 per cent to 76,456.25 during the day.
To reclaim the 23,000-mark, the NSE Nifty rose 283.05 points or 1.24 per cent and closed at 23,190.65.
Among the major gainers from the Sensex pack were Bharti Airtel, Titan, Tata Consultancy Services, Hindustan Unilever, Infosys, Nestle, Reliance Industries, Mahindra & Mahindra, HDFC Bank and Tata Motors while IndusInd Bank, Bajaj Finance and UltraTech Cement remained the losers.
