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Home Business & Corporates

Sensex rises to 60,000 points, Nifty tops 17,900; bank and IT stocks leading the charge

Investors felt relieved about the Federal Reserve's stance on withdrawing stimulus and raising interest rates, as US markets rose more than 1% overnight

Lagatar News by Lagatar News
September 24, 2021
in Business & Corporates
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Lagatar24 Desk

 

The domestic markets made history as the Sensex broke through the 60,000 barrier for the first time, marking another milestone since the bull market began last year. The BSE Sensex was up 400 points at 60,286 and the Nifty was up 105 points at 17,927, led by robust advances in IT and banking stocks.

Infosys, Wipro, and HCL Tech were the biggest gainers in the 50-pack index, while Hindalco, JSW Steel, and Tata Consumer Products were the top losers.

The Nifty Midcap 100 and the Smallcap 100 both opened higher, with the Nifty Midcap 100 up 0.5 percent and the Smallcap 100 up 0.74 percent, respectively. The volatility index, India VIX, increased by 1.14 percent to 16.79.

Furthermore, the Nifty IT index, which surged over 2%, remained the highest gainer by sector. Nifty Media (down 0.93%), Nifty Metal (0.84%), Nifty FMCG (down 0.14%), and Nifty PSU Bank were the lone sectoral laggards in early trade (down 0.02 per cent).

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