Markets extend gains for 5th straight session; Sensex revisits 74,000

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Key Points

Rising for the fifth straight session, equity benchmark Sensex rallied nearly 500 points to reclaim the 74,000 mark while the Nifty closed above the 22,550 level on Thursday, driven by heavy buying in banking, financial and metal stocks...

Recovering after a sell-off in early trade, the 30-share BSE Sensex climbed 486.50 points or 0.66 per cent to settle at 74,339.44..

During the day, it surged 718.31 points or 0.97 per cent to 74,571.25...

From the Sensex basket, Axis Bank jumped 6 per cent after the company reported a consolidated net profit of Rs 7,599 crore during the March 2024 quarter...

Cracking down on repeated non-compliance with IT norms, the RBI on Wednesday barred Kotak Mahindra Bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect after the regulator found serious deficiencies in the lender's IT risk management...

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