The BSE’s 30-share Sensex soared 759.49 points, or 1.05 per cent, to close at a fresh record of 73,327.94. The Nifty 50 gained 0.93 per cent, or 202.9 points, to finish at 22,097.45 for the first time. “The market gained momentum, led by the uptick in the IT index with the growing optimism about increased discretionary spending and strong deal wins. AdvertisementThe US 10-year yield has eased from 4.05 per cent on January 5 to 3.99 per cent on January 15. This will support the overall ongoing market momentum and stock-specific action,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.

Source: Indian Express January 16, 2024 07:27 UTC