Sensex, Nifty race to over 1-week high amid global stock rally | Business – Devdiscourse – DC Initiative on Racial Equity
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Key stock indices Sensex and Nifty rallied for the second day in a row on Tuesday to close at more than one-week high levels as energy, IT, pharma and banking stocks advanced amid gains in global stocks. The 30-share BSE Sensex surged by 477.24 points or 0.83 per cent to close at more than one-week high of 57,897.48. As many as 28 of its constituents closed with gains while two declined. The broad-based Nifty of the National Stock Exchange rose by 147.20 points or 0.86 per cent to settle 17,233.45, tracking gains in Sun Pharma, Asian Paints, and Reliance Industries. All Nifty stocks except for two closed in the green.

”The domestic market is drawing strength from the upsurge in global equity indices, which have been steadily moving up in recent sessions after correcting sharply on concerns related to the Omicron variant, likely interest rate hikes in key developed economies going ahead, and the rising inflation worl

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