Sensex soars over 800 points; Finance, banking stocks in the spotlight


The Sensex climbed 800 points to new all-time highs, thanks to strong global signals after the US Fed signaled the reduction may begin earlier than market expectations. The Nifty advanced 235 points to a high of 17,781.60, which is only 10 points off its all-time high. As of 12:30 p.m., the BSE Sensex was trading at 59,727.50, up 801 points or 1.3 percent and the NSE Nifty is at 17,774.25, up 229.80 points or 1.32 percent. hundred.

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The larger markets are also commercial companies, with the BSE Midcap Index and the BSE Smallcap Index gaining 1.1% each. Financial and banking stocks are propelling markets higher in afternoon trading.

On the sector front, all indices traded positively, with the exception of the pharmaceutical sector.