Sensex up over 350 points, Nifty above 10,000
The NSE Nifty 50 bluechip index rose 1.72{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} to 10,150.90 as of 0352 GMT, while the S&P BSE Sensex was up 1.68{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} at 34,392.18.
The Nifty 50 that crossed the 10,000 mark for the first time since March 13 was up 5.9{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} so far this week, after a similar rally last week. (Photo: Reuters)
HIGHLIGHTS
- Domestic shares rose on Wednesday for sixth consecutive session
- NSE Nifty rose above 10,000 points for the first time since March 13
- The Nifty bank index rose 2.9{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} while the financial index gained 2.7{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58}
Indian shares on Wednesday added gains for a sixth straight session and crossed the 10,000 mark for the first time since March, as Asia’s third-largest economy gradually comes out of the coronavirus lockdowns and risk appetite picks up in global markets.
The NSE Nifty 50 bluechip index rose 1.72{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} to 10,150.90 as of 0352 GMT, while the S&P BSE Sensex was up 1.68{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} at 34,392.18.
The Nifty 50 that crossed the 10,000 mark for the first time since March 13 was up 5.9{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} so far this week, after a similar rally last week.
The Nifty bank index rose 2.9{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58}, while the financial index gained 2.7{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58}.
Asian stocks were poised to follow the global rally on Wednesday as hopes of more government stimulus bolstered riskier assets.
Shares of Britannia Industries rose as much as 7.5{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} to hit a record high after the biscuits maker reported a surge in March quarter profit on Tuesday, beating estimates.
Shares of Interglobe Aviation Ltd, which runs India’s largest airline IndiGo, were up 4{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58}, a day after the company said it planned to cut costs, phase out older planes to tackle coronavirus after posting a 8.73 billion rupees loss in March quarter.
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