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.
