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Banks, global cues help Sensex climb up 521 points

Biggest gain in 5 months; ICICI top gainer among banks

Samie Modak  |  Mumbai 

Markets on Tuesday posted their biggest single-day jump in nearly five months, supported by strong global markets after weak US economic data dampened the prospects of a rate hike by the Federal Reserve this year. The benchmark Sensex, which was hovering around a three-month low, rallied the most in Asia, led by gains in index-heavy banking stocks on easing bad loan concerns. The benchmark Sensex gained 521 points, or 1.89 per cent, to close at 28,050.88, while the Nifty 50 index ended 157.5 points, or 1.85 per cent higher at 8,677.90. Both the indexes saw biggest single-day jumps ...

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Banks, global cues help Sensex climb up 521 points

Biggest gain in 5 months; ICICI top gainer among banks

Biggest gain in 5 months; ICICI top gainer among banks Markets on Tuesday posted their biggest single-day jump in nearly five months, supported by strong global markets after weak US economic data dampened the prospects of a rate hike by the Federal Reserve this year. The benchmark Sensex, which was hovering around a three-month low, rallied the most in Asia, led by gains in index-heavy banking stocks on easing bad loan concerns. The benchmark Sensex gained 521 points, or 1.89 per cent, to close at 28,050.88, while the Nifty 50 index ended 157.5 points, or 1.85 per cent higher at 8,677.90. Both the indexes saw biggest single-day jumps ... image
Business Standard
177 22

Banks, global cues help Sensex climb up 521 points

Biggest gain in 5 months; ICICI top gainer among banks

Markets on Tuesday posted their biggest single-day jump in nearly five months, supported by strong global markets after weak US economic data dampened the prospects of a rate hike by the Federal Reserve this year. The benchmark Sensex, which was hovering around a three-month low, rallied the most in Asia, led by gains in index-heavy banking stocks on easing bad loan concerns. The benchmark Sensex gained 521 points, or 1.89 per cent, to close at 28,050.88, while the Nifty 50 index ended 157.5 points, or 1.85 per cent higher at 8,677.90. Both the indexes saw biggest single-day jumps ...

image
Business Standard
177 22