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Sensex, Nifty rise sharply for 2nd day on global cues, bank stocks

Bank Nifty gains 3.3%; benchmark indices have gained 4% in the past 2 sessions

Topics
Markets Sensex Nifty | stock market trading | financial stocks

Sundar Sethuraman  |  Thiruvananthapuram 

NSE, national stock exchange, nifty50
The Bank Nifty index gained 3.3 per cent on Monday; seven of the nine top Sensex contributors were financial stock

The benchmark indices rose sharply for the second session in a row on Monday, led by gains in financial stocks, which have a significant weighting in the indices. Experts said amid positive global cues, investors resorted to aggressive buying of banking and financial stocks, following a sharp fall in these stocks in the past month. Most global rallied sharply on Monday after positive Chinese industrial data boosted investor sentiment. The Sensex closed at 37,982, a gain of 593 points, or 1.6 per cent.

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First Published: Tue, September 29 2020. 00:06 IST
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