Sensex soars 1,000 pts, Nifty above 24,300: Positive Q4 earnings among key factors behind market rally

At around 12:30 pm, the Sensex rose 1,026.21 points or 1.33 percent to 77,913.12, while the broader Nifty advanced to 24,311.75, up 316.05 points or 1.32 percent. Market breadth was positive as about 2,299 shares advanced, 1,421 shares declined, and 146 shares remained unchanged.

All 16 major sectoral indices traded in the green. The Nifty Smallcap 100 and Nifty Midcap 100 indices gained 0.96 percent and 0.76 percent, respectively.

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https://www.moneycontrol.com/news/business/markets/sensex-up-400-pts-nifty-above-24-100-value-buying-among-key-factors-behind-market-rise-13902902.html

Key factors behind market rise

1) Value buying: Value buying was seen in key sectors such as auto, realty, IT and FMCG following the previous session’s decline. On Tuesday, the Sensex had dropped 416.72 points or 0.54 percent to settle at 76,886.91, while the Nifty fell 97 points or 0.4 percent to end at 23,995.70.

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https://www.moneycontrol.com/news/business/markets/sensex-up-400-pts-nifty-above-24-100-value-buying-among-key-factors-behind-market-rise-13902902.html