Sensex settles 283 pts higher

Sensex settles 283 pts higher

MUMBAI [Maha Media]: Benchmark indices Nifty and Sensex ended Wednesday’s session on a strong footing, driven by sharp gains in metal stocks and state-owned lenders. The broader market added to the positive momentum, with both smallcap and midcap indices rising 0.5% each. However, the relief rally in IT stocks, seen early in the day, proved short-lived, as the sector resumed its decline, with the index slipping over 1% on February 18.

The BSE Sensex rose 283 points, higher by 0.34% to end the day at 83,734, while the Nifty 50 gained 94 points or 0.37% to end at 25,819.

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