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Sensex Zooms Over 1,200 Points; Axis Bank and Reliance Industries Up Over 10%
Wed, 25 Mar 01:30 pm

Share markets in India moved higher in the afternoon trade.

The rally came on the back of the reports that the US Senate leaders have reached deal with the White House on US$2 trillion coronavirus stimulus package.

Reliance Industries and Maruti Suzuki and HDFC Bank lifted the Sensex 1,051 points, or 4%, up to 27,720 levels and the Nifty50 hovered around 8,100 levels, up 305 points.

Among sectoral indices, telecom sector and consumer durables sector gained the most.

In broader markets, the BSE MidCap index was up 2.2% and the BSE SmallCap index gained 1.2%.

Stay tuned for more updates in the following commentary.

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