Sensex jumps 724 points, Nifty tops 12,100 on likely Biden victory
New Delhi | Jagran Business Desk: Market rallied for the fourth consecutive session on November 5 with the S&P BSE Sensex and NSE Nifty 50 indexes surging to their highest levels since February 14. The Sensex surged 724 points to close above the 41,000-mark as Democratic candidate Joe Biden inched closer to victory in the US presidential elections. The bullish market continued amid a strong trend in the global markets even as the uncertainty over US polls outcome is gradually fading away.
After a strong start, the 30-share BSE index maintained its upward trajectory throughout the session to close at 41,340.16, up 724.02 points or 1.78 percent. Similarly, the broader NSE Nifty zoomed 211.80 points or 1.78 percent to finish at 12,120.30. All 30 BSE Sensex constituents ended in the green, with SBI as the top leader. SBI soared over 5 percent, followed by Tata Steel, IndusInd Bank, Bajaj Finance, Bajaj Finserv and HCL Tech.
Posted By: Rakesh Kumar Jha