Sensex, Nifty extend rally, banking stocks lead gains

The BSE Sensex opened on a strong footing at 35,278.38 and maintained its upward trend to hit the day’s high of 35,628.49. It finally ended at 35,463.08, up 284.20 points, or 0.81%.

The BSE Sensex soared over 284 points on Thursday, to end at 35,463.08 as the post-RBI policy rally continued for the second day on heavy buying in realty, metal, banking, auto and infrastructure stocks.

The Bombay Stock Exchange (BSE) logo is seen under a bull statue at the entrance of their building in Mumbai. (REUTERS File Photo)

Short-covering by speculators and sustained buying by domestic institutional investors (DIIs) also added to the momentum, brokers said.

The 30-share BSE Sensex opened on a strong footing at 35,278.38 and maintained its upward trend to hit the day’s high of 35,628.49. It finally ended at 35,463.08, up 284.20 points, or 0.81%.

The broader NSE Nifty finished the day at 10,768.35, showing a gain of 83.70 points, or 0.78%, after shuttling between 10,818.00 and 10,722.60.

Markets had rallied yesterday as well after the RBI hiked the policy rate after a four-year pause on inflation concerns but maintained its neutral stance.

Meanwhile, DIIs net bought shares worth ₹712.31 crore, while foreign funds sold shares to the tune of ₹81.40 crore on Wednesday, provisional data showed.