Sensex zooms 425 points as heavyweights gain

Sensex zooms 425 points as heavyweights gain
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Mumbai, Mar 26: The benchmark indices witnessed a sudden jump in the afternoon session with the S&P BSE Sensex gaining over 400 points and the Nifty50 reclaiming 11,450 levels.
In the broader market, the S&P BSE MidCap index is trading over 100 points up around 15,020 levels while the S&P BSE SmallCap index was ruling at 14,640 levels, up almost 50 points.
Among sectoral indices, Nifty Realty and Nifty PSU Bank indices have fared well and are trading 1.85 per cent and 1.62 per cent higher, respectively. On the other hand, the Nifty IT index continued to be under pressure and is trading 1% lower, weighed down by Tech Mahindra and Infosys.
Shares of Jet Airways (India) were up 9 per cent higher at Rs 277 on the BSE in early morning trade on Tuesday after Naresh Goyal, the Promoter and Chairman of Jet Airways, along with his wife, Anita Goyal stepped down from their positions in the board. Etihad Airways nominee Kevin Knight has quit the board too.
DLF shares rallied 7 per cent to Rs 202 in intra-day trade on the BSE on Tuesday after the real estate developer on Monday announced the launch of a Qualified Institutional Placement (QIP) programme to raise Rs 3,175 crore.
Asian shares drifted higher on Tuesday after two days of losses as US 10-year Treasury yields edged up, but the outlook remained murky as investors weighed the odds of whether the US economy is in danger of slipping into recession.
MSCI’s broadest index of Asia-Pacific shares outside Japan rebounded 0.2 per cent after losing 1.4 per cent in the previous session. Australian shares were flat, while Japan’s Nikkei jumped 2.1 per cent after recording its biggest drop since late December on Monday.