Sensex rises above 740 points; Sent above the 17,498 level

Business

Bajaj Finserv, Mahindra & Mahindra, Bajaj Finance, HDFC, ICICI Bank, Nestle, Maruti, Reliance Industries Limited were among the leading winners.

Bajaj Finserv, Mahindra & Mahindra, Bajaj Finance, HDFC, ICICI Bank, Nestle, Maruti, Reliance Industries Limited were among the leading winners.

Benchmark stock indices Sensex and Nifty rallied for a third straight day on Wednesday after buying into Reliance Industries, Infosys, HDFC Twins and ICICI Bank after global stocks bailed on hopes of a breakthrough in Russia-Ukraine peace talks had gained.

The 30-part BSE Barometer Index rose 740.34 points, or 1.28%, to settle at 58,683.99. Over the day, it rose 784.13 points, or 1.35%, to 58,727.78.

Similarly, the broader NSE Nifty rose 172.95 points, or 1%, to settle at 17,498.25.

Among the 30 stocks, the leading gainers included Bajaj Finserv, Mahindra & Mahindra, Bajaj Finance, Power Grid, HDFC, ICICI Bank, Nestlé, Maruti and Reliance Industries Limited.

On the other hand, laggards included ITC, Tata Steel, Tech Mahindra, Bharti Airtel and Titan.

Elsewhere in Asia, Seoul, Shanghai and Hong Kong ended up higher, while Tokyo ended lower. Stock exchanges in the US closed with gains on Tuesday.

Meanwhile, international oil benchmark Brent rose 2.25% to $112.7 a barrel.

Foreign portfolio investors turned buyers as they bought £35.47 billion worth of shares, according to stock market data on Tuesday.

“US stocks extended gains and closed higher as Russia-Ukraine peace talks reignited investor optimism,” said Mitul Shah, head of research at Reliance Securities.

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