Markets stage a strong rally as Sensex gains 1,534 points, Nifty nears 23,000
- India's Sensex jumped 1,534 points to close at 74,315.61, while Nifty gained 375 points to reach 22,997.35.
- • Banking, information technology IT and automobile stocks led the rally, helping markets record their strongest day in four months.
- Falling crude oil prices and a stronger Indian rupee helped boost investor confidence despite weakness in Asian markets.
- Shares of HDFC Bank, ICICI Bank, Reliance and major IT companies rose, while smaller and mid-sized stocks faced selling pressure.
Source: moneycontrol.com
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