Sensex rallies 424 pts on RBI announcements; financial stocks shine

May 05, 2021 17:00

Market benchmark Sensex rallied 424 points on Wednesday, led by gains in financial stocks after the RBI unveiled a slew of measures to support the economy facing strong headwinds amid peaking second wave of the COVID-19 pandemic.

The 30-share BSE index jumped 424.04 points or 0.88 per cent to close at 48,677.55. Similarly, the broader NSE Nifty surged 121.35 points or 0.84 per cent to 14,617.85. Sun Pharma was the top gainer in the Sensex pack, soaring around 6 per cent, followed by Kotak Bank, Axis Bank, IndusInd Bank, ICICI Bank, Dr Reddy's, Titan and TCS. On the other hand, Bajaj Finance, Asian Paints and HUL were the laggards.

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'Stats are going out of the window'

'Very pleasing. Most importantly the win, cricket has turned to baseball isn't it? We're delighted with the two points.'