Sensex rises 1047 points, Nifty settles near 17300
Sensex rises 1047 points, Nifty settles near 17300
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The Indian equity indexes soared for the second day in a row on Thursday, boosted by positive global market signals. Asian stocks rose in tandem with a Wall Street rise overnight, as the US Federal Reserve raised interest rates for the first time since 2018 and hints of progress in Russia-Ukraine talks boosted investor confidence. The Federal Reserve raised rates by 25 basis points and said it will raise them again at each meeting for the rest of the year.

The 30-share BSE Sensex rose 1,047 points, or 1.84 percent, to 57,864, while the broader NSE Nifty rose 312 points, or 1.84 percent, to 17,287. In the previous session, both indices had made similar advances. HDFC was the leading gainer on the Nifty, rising 5.36 percent to 2,415. The gainers included Titan, JSW Steel, SBI Life, and Reliance Industries.

Mid- and small-cap stocks ended the day on a high note, with the Nifty Midcap 100 index up 1.38 percent and small-cap stocks up 1.23 percent.

The National Stock Exchange's 15 sector gauges closed the day with 14 of them in the green. Nifty Financial Services and Nifty Consumer Durables both beat the index, climbing 2.77 and 2.40 percent, respectively, to surpass the index. Nifty IT, on the other hand, fell 0.24 percent.

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