Prime Time Zone, Webdesk: Domestic equity markets started the 2021-22 financial year with huge gains. The indices, which started aggressively in the early morning, continued to gain momentum at the end despite fluctuating during the mid-session. The Sensex crossed the 50,000 mark in this order. Shares of the metal sector in particular rallied 5 percent. The rally in the tech sector came after US President Joe Biden announced a trillion dollars as part of an infrastructure investment plan. While the Asian markets moved positively, the impact was felt on the domestic markets. The Sensex was up 520.68 points at 50,029 and the Nifty was up 176.65 points at 14,867.
The metal index rallied the most at 5 per cent in the Nifty, while PSU Bank, auto, finance, private bank and pharma sectors rallied. The IT and realty sectors strengthened slightly. Only Hindustan Unilever, HDFC Bank, Nestle India and TCS lost ground in the Sensex, while all other stocks gained. IndusInd Bank, Kotak Bank, Ultra Cement, Bajaj Finance, Axis Bank, Sun Pharma, ICICI Bank and Bajaj Auto were the top gainers. Rupee exchange rate against US dollar 73.35.
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