The BSE Sensex rose almost 2.5 percent to its highest close since July 2011 after the government's diesel price hike and the Federal Reserve's monetary stimulus sparked a broad-based rally in blue chips such as Reliance Industries and ICICI Bank.
The Sensex rose 2.5 percent to its highest close since July 26, 2011, gaining for an eighth consecutive session. The 50-share Nifty rose 2.6 percent.
Reliance Industries rose 5.3 percent, while ICICI Bank gained 5.1 percent on the NSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app