Sensex gains over 500 points in opening session; Nifty at 15,151.15

Updated on Feb 25, 2021 10:10 AM IST

On Wednesday, Indian equities closed sharply higher after trading was halted on the NSE for nearly four hours due to a technical issue.

On the Sensex chart, barring HDFC and Asian Paints, all constituents were trading in the green.(PTI)
On the Sensex chart, barring HDFC and Asian Paints, all constituents were trading in the green.(PTI)
Reuters | , New Delhi

Shares advanced on Thursday for a third straight session, joining a global rally after US Federal Reserve Chairman Jerome Powell quashed rate hike fears, with financials and IT stocks accounting for most of the gains.

The NSE Nifty 50 index was up 1.08% at 14,146.95 by 0355 GMT, while the S&P BSE Sensex gained 1.06% to 51,325.46.

On Wednesday, Indian equities closed sharply higher after trading was halted on the NSE for nearly four hours due to a technical issue.

The National Stock Exchange, India's biggest bourse, said on Thursday it was awaiting "detailed root cause analysis" from telecom service providers and was in touch with the market regulator about Wednesday's outage.

Boosting investor sentiment globally was Powell's reiteration that interest rates would remain low in the United States. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1.7%.

In Mumbai, HDFC Bank and IT services provider Infosys were the top boosts to the Nifty, rising more than 1% each.

All major sectoral indexes were in positive territory. The Nifty private bank index led the gains with a 1.8% rise.

Financial stocks rose sharply on Wednesday after India allowed private-sector banks to carry out government transactions.

The Nifty private bank index had gained more than 18% in February, as of last close.

The Nifty IT index advanced 1.04% on Thursday.

Index heavyweight Reliance Industries extended gains to a third session, rising 1.3%.

Get Latest India Newsalong with Latest Newsand Top Headlinesfrom India and around the world.
SHARE THIS ARTICLE ON
Topics
SHARE
Story Saved
×
Saved Articles
Following
My Reads
My Offers
Sign out
New Delhi 0C
Wednesday, September 28, 2022
Start 15 Days Free Trial Subscribe Now
Register Free and get Exciting Deals