Key equity indices Sensex and Nifty made significant gains on Thursday.
The 30-share BSE Sensex jumped 1,047.28 points, or 1.84%, to finish at 57,863.93 points. The broader Nifty index increased by 311.70 points, or 1.84%, to close at 17,287.05 points.
HDFC, Titan, JSW Steel, Kotak Mahindra Bank and Reliance Industries were among the top gainers, while Infosys and HCL Technologies suffered losses.
All Nifty sectoral indices except Nifty IT ended with gains.
Meanwhile, the rupee increased by 41 paise to close at 75.80 against the dollar, PTI reported. Last week, the rupee had hit a lifetime low of 77.01 because of the surge in global crude oil prices.
“The United States Federal Reserve’s hike in its benchmark short-term interest rate, softening of oil prices and progress in talks between Russia and Ukraine contributed to the gains in equity indices,” said S Ranganathan, head of Research at LKP securities, according to Moneycontrol.
Markets have been volatile since Russia…