Sensex snaps 4-session slide, soars 429 pts; RIL, HDFC sparkle
Equity indices clawed back lost ground on Wednesday after a four-session falling spree as investors took heart from a decline in new coronavirus cases in China and the Indian government's assurance on tackling the economic impact from the epidemic.
Starting off on a strong footing, the BSE barometer gained strength during the session to touch a high of 41,357.16. The index finally settled at 41,323, clocking a gain of 428.62 points or 1.05 per cent.
Likewise, the NSE gauge Nifty shot up 133.40 points or 1.11 per cent to close at 12,125.90.
Market heavyweight Reliance Industries spurted 2.60 per cent, accounting for the majority of the Sensex gains.
Other winners included Bajaj Finance, HUL, ONGC and HDFC, rising up to 2.79 per cent.
On the other hand, Sun Pharma, TCS, Bharti Airtel, L&T and IndusInd Bank shed up to 1.33 per cent.
Finance Minister Nirmala Sitharaman on Tuesday met representatives from various sectors, including pharmaceuticals, textiles, chemicals, electronics and