Sensex jumps more than 900 points; Re-viewing 75,000-Marx on global market rally, buying bank shares

Mumbai, March 18 (PTI) The BSE Benchmark Index Sensex on Tuesday scored more than 900 points to retrieve 75,000-AC during the morning trade and shopped with positive trend in global markets and in bank stocks.

Expanding its previous day’s rally, the 30-chair BSE Sensx rose 901.43 points to 75,071.38 during the morning trade. NSE Nifty also increased by 265.9 points to 22,774.65.

Sensex Pack, Zomato, ICICI Banks, Asian Paints, Larsen and Toubro, Mahindra and Mahindra, Tata Motors, NTPC, Adani Ports and Hindustan Unilever were among the largest beneficiaries.

However, Bajaj Finserv, Bajaj Finance, Reliance Industries and IndusInd Bank were Lagards.

The Financial Services Firm recorded a 2 percent decline in shares of Bajaj Finsarva after signing the share purchase agreements for the acquisition of 26 percent stake in Germany’s Alianz SE in its insurance businesses Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in positive sector.

The American markets ended more on Monday.

“The broad sign is that the market is improving further, even if further improvement cannot be completely rejected.

He said that these domestic tailwinds are not strong enough to take the market to a high level on a continuous basis as tariff wars will combat global headwind domestic tailwinds.

Global Oil Benchmark Brent crude rose 0.32 per cent to USD 71.33 per barrel.

According to exchange data, foreign institutional investors (FII) on Monday reduced the price of Rs 4,488.45 crore, while domestic institutional investors (DII) bought Rs 6,000.60 crore.

Sensex on Monday climbed 341.04 points or 0.46 percent to settle at 74,169.95, snatching the run of his five-day defeat. The Nifty rose 111.55 points or 0.50 percent to 22,508.75. PTI Yoga Dr.

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