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STOCK MARKET

Sensex Surges 450pts, Nifty Above 17,400

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Today, domestic equity markets hit higher intra-day trade amid mixed global cues and strong foreign flows. Over 100 points climbed Nifty50 to trade above 17,400 levels, and over 450 points surged in S&P BSE Sensex to trade at 58,538 levels.

Nifty MidCap 100 and Nifty SmallCap 100 rose over 1 per cent each. All sectors in green, named Nifty Media, Nifty IT, Nifty Metal and Nifty Realty indices, gained the most, from 1 per cent to 3 per cent. Among individual stocks, shares of SpiceJet advanced over 6 per cent after the Centre allowed the airline to avail of loans up to Rs 1,500 crore under the ECLGS scheme. Meanwhile, DLF shares rallied over 3 per cent after the realty major sold all luxury homes in the new Gurugram project within eight days of launch.

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