Sensex jumps over 1,000 points, Nifty breaks 17,200

HDFC was the top performer in the Sensex package, up 5.50%, followed by Titan, Reliance, Kotak Bank, Asian Paints, Sun Pharma and Tata Steel.

HDFC was the top performer in the Sensex package, up 5.50%, followed by Titan, Reliance, Kotak Bank, Asian Paints, Sun Pharma and Tata Steel.

Stock benchmark Sensex jumped above the 57,000 mark, recovering above 1,000 points on Thursday, following an overall bullish trend in global equities despite the US Federal Reserve’s rate hikes.

The 30-stock BSE Index closed 1,047.28 points, or 1.84% higher, at 57,863.93. Likewise, the NSE Nifty rose 311.70 points, or 1.84%, to end at 17,287.05.

HDFC was the top performer in the Sensex package, up 5.50%, followed by Titan, Reliance, Kotak Bank, Asian Paints, Sun Pharma and Tata Steel.

On the other hand, Infosys and HCL Tech were the laggards.

Elsewhere in Asia, stock exchanges in Tokyo, Seoul, Hong Kong and Shanghai ended with significant gains.

Exchanges in Europe traded mixed marks on mid-session deals.

The US Federal Reserve approved a 0.25 percentage point rate hike on Wednesday, the first hike since 2018. She also hinted that more hikes would be needed to fight inflation.

Meanwhile, international oil benchmark Brent rose 3.97% to $101.91 a barrel.

Overseas institutional investors turned net buyers after their latest selling spree, buying ₹311.99 crore of shares on Wednesday, stock market data shows.

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