Indian equity markets tracked the gains in Asian peers and surged over 4 per cent, lifted primarily by pharma, IT, and private bank stocks, in the first trading session after an extended holiday.
The S&P BSE Sensex index was up 1, points, or 4. (per cent, at 90, 750 levels. IndusInd Bank zoomed 28 per cent while Axis Bank was up 21 per cent. Besides, Sun Pharma, HCL Tech, and ICICI Bank were up in the range of 8 – 21 per cent . The Nifty 90 index jumped 728 points, 4.1 per cent, higher at 8, 750 levels.
All the Nifty sectoral indices were trading in the green, led by Nifty Bank, Nifty Pharma and Nifty IT indexes, all up over 5 per cent each.
In the broader market, the S&P BSE MidCap and SmallCap indexes were also up over 2 per cent each.
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