The BSE Sensex jumped 2,975 points, or 3.7%, to close at 82,429.9. The NSE Nifty surged 916.7 points, or 3.8%, ending over 24,924. Both indices closed at their highest levels for the year, aided by the sharpest run-up in a day since February 2021.
BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside
BofA expects India’s wires and cables industry to grow at a 14% compound annual rate between FY26 and FY29, supported by spending on infrastructure, renewable