Market LIVE: Sensex reclaims 50,000 after 12 sessions, Nifty nears 15,000; RIL, Power Grid, Bajaj Finance gain

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© Provided by The Financial Express All the Nifty sectoral indices were trading in the green. The Nifty Metal index gained 2 per cent

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were rallying over 1 per cent higher on Thursday, a day of the monthly expiry of the F&O contracts of April. Firm global cues and US Federal Reserve’s decision to keep the interest rates unchanged helped the indices to extend their bull run to the fourth consecutive day on Thursday. BSE Sensex reclaimed 50,000 and was trading at a one-month high. While the broader Nifty 50 index was ruling near 15,050 level. Out of 30 Sensex shares, 29 were trading in the positive territory. IndusInd Bank, Axis Bank, Bajaj Finserv were the top leaders. While HCL Tech was the only loser on the index. Index heavyweights such as Reliance Industries Ltd (RIL), HDFC Bank, Housing Development Finance Corporation (HDFC), Axis Bank and ICICI Bank among others contributed the most to the indices’ gain. All the Nifty sectoral indices were trading in the green. The Nifty Metal index gained 2 per cent, followed by Nifty Bank index which was up 1.5 per cent.

The Federal Reserve on Wednesday said that it wants to keep monetary policy loose for the foreseeable future even as it sees the economic recovery gaining pace and the risks from the pandemic starting to ebb. And in a speech to a joint session of Congress later on Wednesday, President Joe Biden will pitch new infrastructure and social spending programs that could add trillions of dollars to the economy in coming years, according to Reuters. The FOMC left its benchmark rate unchanged in the range of 0-0.25 per cent and maintained its monthly pace of bond buying at $120 billion.