Bank, IT Stocks Surge As Sensex Gains Above 250 Points
Sensex gained 268 points to close at 38,363 while Nifty went up by 70 points to finish trading at 11,532.
Equity markets surged on Tuesday, 19 March, as benchmark indices Sensex and Nifty gained more than half a percent each, , extending gains for the seventh session, driven by sustained foreign fund inflows.
The 30-share BSE Sensex gained 268.40 points to close at 38,363.47 while the broader 50-share NSE Nifty went up by 70.20 points to finish trading at 11,532.40.
IT and bank stocks led the rally with the respective sub-indices gaining more than a percent each.
News agency PTI quoted brokers as saying sustained foreign fund inflows, continued buying by retail investors and a mixed global cues ahead of the US Federal policy meet, influenced the market here.
ITC, NTPC, HCL Tech and Reliance stocks gained the most while auto stocks like Hero MotoCorp, Bajaj Auto and Maruti were the laggards.
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