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The 30-share BSE Sensex rose 995.92 points, or 3.25 percent, to close at 31,605.22. During the day, it rose 1,051.3 points to 31,660.60 points.
Due to the rally in the equity market, the market capitalization of BSE-listed companies increased from Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.
Ajit Mishra, VP – Research, Rearing Broking Ltd said, “Global cues started positively, strengthening as the day went up. Banking and financial stocks witnessed strong recovery.”
He further said, the news of loosening restrictions and the gradual reopening of economies around the world raised investors’ hopes of bringing the economy back on track.
Axis Bank topped the Sensex pack by 13.46 percent topping ICICI Bank, HDFC Bank, IndusInd Bank and Bajaj Finance.
BSE Banks declined by 7.31 percent, followed by Finance, IT, Metals, Tech and Energy. BSE Healthcare was the only loser among the indices.
In the broader market, the BSE Midcap and Smallcap indices closed higher by 0.54 percent.
On the BSE, 1,345 companies advanced, while 974 declined and 178 remained unchanged.
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