The 30-share BSE Sensex jumped a whopping 387.14 points to close on 33,600.27 while the broader 50-share NSE Nifty closed on 10,440.50, up 105.20 points. Both the indices gained more than a per cent during the day​​.

| Nov 1, 2017, 15:56 IST

Highlights

  • Sensex jumped a whopping 387.14 points to close on 33,600.27 while Nifty closed on 10,440.50, up 105.20 points
  • The surge came as a result of investors putting faith on World Bank’s Ease of Doing Business report where India jumped 30 places

NEW DELHI: The benchmark indices on Wednesday once again closed on record highs as investors put faith on World Bank’s Ease of Doing Business report where India jumped 30 places on back of recent reforms.

The 30-share BSE Sensex jumped a whopping 387.14 points to close on 33,600.27 while the broader 50-share NSE Nifty closed on 10,440.50, up 105.20 points. Both the indices gained more than a per cent during the day.

The markets opened on a buoyant note and kept on extending gains as Sensex hit intra-day high of 33,651.52.

Bharti Airtel stock was the biggest gainer, surging 9 per cent on Nifty during the day’s trade. Bank stocks were the other major gainers with Nifty PSU Bank and Nifty Pvt Bank sub-indices jumping 3.64 per cent and 1.76 per cent respectively.

The Ease of Doing Business report has worked as the latest trigger for the equity markets which was witnessing profit booking in the last couple of sessions after the bull run followed by the government’s Rs 2.11 lakh crore package for public sector banks. Analysts believe that the 33,500-mark of Sensex will be the new barrier for the Street and investors’ renewed interest will hinge upon whether Sensex can consolidate around the psychological mark.

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