Sensex gains 1.2%, hits 17-month high

The Indian equity markets followed the global escalation, with the benchmark Bombay Stock Exchange Sensex rising 204 points or 1.2 per cent to close at a new 17-month high of 17,231.

The Indian equity markets followed the global escalation, with the benchmark Bombay Stock Exchange Sensex rising 204 points or 1.2 per cent to close at a new 17-month high of 17,231.

HT Image

The wider Nifty too gained 64 points or 1.3 per cent to close at a new 17 month high of 5,118.

All Asian markets except Japan’s Nikkei closed in the green on Wednesday.

“Earlier, it was revival of the emerging economies but a revival in the US reaffirms investor confidence worldwide,” said Amisha Vora, joint MD, Prabhudas Lilladher Financial Services.