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Sensex Gains 889 Points as IT, Consumer and Metal Stocks Rally
['India New England News']
INDIA New England News
Sensex Gains 889 Points as IT, Consumer and Metal Stocks RallyMumbai–Indian stocks closed sharply higher Wednesday as strong buying in information technology, consumer goods and metal shares lifted the benchmark indices.
The Sensex rose 889 points, or 1.16%, to close at 77,654.60.
The rally extended to the broader market, with the Nifty MidCap index advancing 0.82% and the Nifty SmallCap index rising 1.48%.
The Nifty IT, Metal and FMCG indices led the sectoral gains as investors bought technology, consumer products and metal stocks.
The rebound reflected improved investor sentiment, supported by gains in heavyweight IT and consumer stocks.