Mumbai, February 25
The Sensex surged past 51,000 points while the Nifty reclaimed the 15,000-mark on Thursday as indices darted up for the third straight session amid expiry of monthly derivative contracts and bullish global equities.
A whopping increase in FPI inflows also boosted risk appetite, traders said. Foreign institutional investors purchased shares worth a net Rs 28,739.17 crore on Wednesday, according to exchange data.
Global markets followed Wall Street higher after US Federal Reserve Chair Jerome Powell said policy rates could remain low for years, calming inflation concerns.
The Sensex spurted 257.62 points to finish at 51,039.31. Similarly, the Nifty climbed 115.35 points to 15,097.35.
ONGC was the top gainer in the Sensex pack, rallying 4.66%, followed by NTPC, Reliance Industries, IndusInd Bank, Axis Bank and PowerGrid.
Reliance Industries advanced 3.84%, accounting for the lion’s share of the benchmark’s gains.
Axis Bank jumped 2.94% after regulator Irdai approved the lender’s stake buy in Max Life Insurance. — PTI