Sensex surges 460 points |
The BSE benchmark Sensex on May 9 soared 460.36 points to close at 25,688.86 on the back of buying by foreign funds and retail investors.The NSE Nifty surged 132.60 points to end at 7,866.05.Brokers said recent string of positive corporate results raised tentative hopes about an improving domestic economy.Sentiment was also boosted after a weaker-than-expected US jobs report left some economists anticipating only one interest rate hike from the Federal Reserve this year.Prominent gainers were NTPC, HDFC Ltd, HDFC Bank, Asian Paints, M&M, Adani Ports, ICICI Bank, Hero MotoCorp, ONGC, Bharti Airtel, L&T and Bajaj Auto.
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