Sensex rallies 367 pts, ends above 60K; Nifty holds 17,900; financials gain

Large part of today's rally was propelled by financial and banking counters, with 7 of the top 10 index contributors belonging to the space.

Closing Bell

The frontline BSE Sensex reclaimed the crucial 60,000-mark, on a closing basis on Wednesday, as investors expected Covid-related restrictions to ease sooner-than-expected given the less severity of the Omicron variant. Besides, they expect the uncertain global outlook to delay policy tightening by global central banks, keeping liquidity taps running for equity markets.

Given this, the 30-pack Sensex index touched a high of 60,333 in the intra-day trade, before settling at 60,223, up 367 points or 0.61 per cent. On the NSE, the Nifty50 marched past the 17,900-mark and closed at 17,925 levels, up 120 points or 0.67