Indian markets soared more than 1 percent on Thursday, supported by favorable global signals.
Among the major indices, the S&P BSE Sensex rose 600 points to 38,680 levels, and the Nifty50 index surpassed the 11,400 mark. Bajaj Auto and IndusInd Bank (up 5%) were the top winners for Sensex, followed by Bajaj Finance, Axis Bank, and Bajaj Finserv (all up 2%).
Reliance Industries gained 1 percent after the company announced that US private equity firm Silver Lake Partners will invest an additional Rs 1,875 crore in Reliance Retail.
PVR and Inox Leisure increased 15 and 17 percent, respectively, after the central government allowed the reopening of cinemas, theaters and multiplex cinemas from October 15 with a maximum capacity of 50 percent. In addition, ONGC and Oil India fell 3 percent each after the government cut natural gas prices by 25 percent.
The trend among the Nifty sector indices was positive, led by the Nifty Bank index, with an increase of 1.7 percent.
In the broader market, the S&P BSE MidCap and SmallCap indices were trading at 0.9% and 1.1%, respectively.
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