NEW DELHI: After a span of two days, the BSE Sensex, a key market benchmark, witnessed a notable surge of 490.97 points, equivalent to 0.69%, reaching a total of 71,847.57. Simultaneously, the broader NSE index also gained 141.9 points, closing at 21,659.25.
The upward momentum was propelled by robust business updates in the financial sector and strategic investment plans in energy stocks.
Financials led the gains in the Nifty, adding 1.22%. Non-bank lender Bajaj Finance jumped 4.34%, while IndusInd Bank added about 3% on strong quarterly business updates. The energy index gained 1.18%, led by a 3.56% surge in power producer NTPC. Realty companies extended their record rally for a fourth straight session, adding 6.76%, their best day since September 2021.
Property consultant Knight Frank Research said that sales momentum in the sector will likely remain robust in 2024, after Indian real estate developers recorded all-time high sales and launches of residential units in the second-half of 2023.
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Read MoreThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
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