The BSE Sensex closed at 57,426.92, up 1.8%. The Nifty advanced 1.6% to end at 17,094.35. The index closed above its 200-day moving average (DMA), a key long-term trend indicator, of 16,982. Shares of lenders and other rate-sensitive stocks led the rebound with the Nifty Bank index jumping 2.6%.
Sensex, Nifty’s explosive rally pushes market to pre-Middle East war levels. How long will they take to scale fresh peaks?
In a remarkable turn of events, the Indian stock market has showcased impressive upward movement this month, with the Sensex soaring to 82,000, indicating a