Optimism stemming from the US's strong jobs data triggered the rally on a day auto, realty, and financials witnessed heavy buying interest.
The 30-share Sensex rose 709.96 points or 1.16% to a four-month high of 61,764.25, while the broader Nifty rose 195.40 or 1.08% to 18,264.40. The Dow had jumped 1.65% on Friday, with the Nasdaq climbing 2.25%, halting a four-session losing run.
"Heavy buying by FIIs has given a fillip to the indices. India is an outlier compared to other EMs as economic activity is strong and finances have been managed quite well," said U R Bhat, cofounder and director at Alphaniti Fintech. He pointed out that the HDFC twins were oversold on Friday, which led to investors buying on dips as the fundamentals remain strong.
Diese Geschichte stammt aus der May 09, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der May 09, 2023-Ausgabe von Financial Express Mumbai.
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