BW Businessworld
Sensex up over 1000 points, Nifty above 14,900 after glitch; Banks's fuel the rally
The 30-share pack Sensex closed at 50,781.69, up 1,030 points or 2.07 per cent. Nifty-50 closed at 14,982, up 274 points or 1.86 per cent.
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Indian markets on Wednesday, February 24 stressed the market participants as trading activities in NSE (National Stock Exchange) were halted due to a technical glitch. However, all segments in the BSE & NSE were operational in the extended market hours from 3:30 pm IST.
After resuming, markets witnessed a massive rally backed by banking stocks which led the BSE Sensex to close above 1000 points and the Nifty Banking index also adding 1400 points.