Sensex climbs over 250 points on buying in Reliance Industries, M&M

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Key Points

Mumbai, May 17. Equity benchmarks Sensex and Nifty closed higher on Friday as buying in index majors M&M, Reliance Industries and ITC helped the indices rebound from early lows...

The 30-share BSE Sensex climbed 253.31 points, or 0.34 per cent, to settle at 73,917.03...

The NSE Nifty advanced 62.25 points, or 0.28 per cent, to 22,466.10...

M&M was the biggest gainer on the Sensex chart, rising 5.97 per cent, followed by JSW Steel, Ultra Cement, Kotak Bank, ITC and NTPC...

Despite mixed global signals and uncertainties surrounding the US Fed, the Indian market experienced a robust recovery, largely fuelled by the outperformance of the broader market and positive Q4 earnings.. Further, some index heavyweight earnings surpassed expectations, and midcap and small-cap stocks continued to exhibit buying interest during dips..

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