Sensex jumps over 1,400 points as Nifty reclaims 23,000
In short
The Sensex rose more than 1,400 points on Thursday, and the Nifty 50 moved back above 23,000.
Reliance Industries also gained after Jio Platforms gave details of its upcoming IPO. The final market close and full IPO details are not stated.
What the reporting says
The Sensex jumped over 1,400 points on Thursday to an intraday high of 74,218, while the Nifty 50 rose 400 points to 23,023. The reported move came as Reliance Industries gained nearly 3% after its telecom unit Jio Platforms announced details of its upcoming IPO. The immediate market consequence is a broad rally, but the reporting does not state the final close or full IPO terms.
Why it matters
Indian equities rallied on Thursday, with the Sensex reaching an intraday high of 74,218 and the Nifty 50 touching 23,023. CNBC TV18’s summary says Reliance Industries rose nearly 3% after Jio Platforms announced details of its upcoming IPO, described as the biggest in Indian history. The reporting points to a positive market reaction, but it does not provide the IPO size or the day’s closing levels.