Reversing a four-session slide, market benchmark Sensex surged over 665 points Thursday as investors piled into recently beaten down banking, auto, IT and FMCG stocks ahead of the Union Budget. The 30-share Sensex rallied 665.44 points, or 1.87 per cent, to close at 36,256.69. The broader Nifty soared 179.15 points, or 1.68 per cent, to 10,830.95. In the Sensex pack, Axis Bank, Tata Motors, Infosys, Kotak Bank, HDFC Bank, RIL, Bajaj Auto, SBI, HUL, Tata Steel, Vedanta, HFDC, TCS, ITC and Sun Pharma jumped up to 4.64 per cent. The first being the moderation in the monetary policy stance of the Fed, as the key Fed funds rate was left unchanged.

Source: dna January 31, 2019 11:37 UTC