Sensex jumps 742 pts to month high of 65,676 – Times of India

by The Technical Blogs

MUMBAI: Sensex and Nifty jumped more than 1% on Wednesday following heavy buying in IT, banking and oil & gas shares amid a global stocks rally on softer US inflation data. Encouraging US inflation numbers have raised hopes for an end to interest rate hikes by the Federal Reserve.
The 30-share sensex jumped 742 points to settle at nearly a four week’s high of 65,676.As many as 27 sensex shares closed in the green, while three were in the red. Nifty climbed 232 points to 19,675. Among sensex firms, Tech Mahindra rose the most at 3.8%, while Tata Motors, Infosys, Wipro, Tata Steel, TCS, RIL and Axis Bank were major gainers.

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