MARKET UPDATE: Sensex surged 600 points to 53,830 and Nifty was seen back above the 16,000-mark


Published On: Tuesday, July 5, 2022 | By:

MARKET UPDATE: Sensex surged 600 points to 53,830 and Nifty was seen back above the 16,000-mark

The Indian key benchmark indices extended gains for the second straight day as investors bought beaten-down shares in hopes of a relief rally. The BSE Sensex surged 600 points to 53,830. The NSE Nifty was seen back above the 16,000-mark after almost a month. In the broader markets, the BSE Midcap gained 0.8 percent while the SmallCap index jumped 1.2 percent. The overall breadth too was pretty optimistic with nearly three advancing stocks for every declining share. Among stocks, Marksans Pharma surged over 11 percent after the company said it would consider a share buyback. MMTC also soared 7 percent. The company has completed the sale of Neelachal Ispat Nigam to Tata Steel Long.

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