BSE sensex: Sensex completes more than 450 points until recovering 36,000 marks; Nifty above 10,850

NEW DELHI: The stock indexes continued their upward trend for the fourth consecutive session on Thursday, as the BSE Senbad benchmark jumped by more than 450 points, amid solid global indices and new gains in the market. the national currency against the US dollar. The Senbad, consisting of 30 stocks, traded green throughout the session and gained 453 points, or 1.27%, to finish at 36,170, while the Nifty NSE earned 130 points, or 1.21%. %, to close at 10,859.

Among the main winners of the ESB index, Bajaj Auto, Kotak Mahindra, Mahindra and Mahindra, Vedanta and IndusInd Bank banks recorded an increase of 4.33%. On NSE, with the exception of Nifty IT, all other sub-indices finished in green, gaining up to 1.92%.

Dovish's comments by US Federal Reserve Chairman Jerome Powell proved to be the determining factor for the indexes that boosted investor sentiment. The brokers said the market mood remained buoyant, buoyed by purchases from foreign institutional investors and by a firm global trend after Powell suggested the central bank was about to end its tightening cycle of the three-year rate, reinforcing the interest in riskier badets.

"There is a lot of market positivity because of the expectations of a reduced acceleration of the rate of rate hike by the United States," said Anand James, chief market strategist at Geojit Financial Services.

The strong gains in the national currency also supported the markets. The rupee has surged 74 and has strengthened beyond 70 to a dollar to 69.88, a record level in three months (intra-day trade) thanks to the sustained sale of the greenback by exporters and lower prices for crude oil.

Investors are also waiting for the release of Gross Domestic Product (GDP) data for the September quarter on Friday.

(With the participation of the agencies)