Key benchmark indices surged and the rupee rose against the dollar after the new central bank Governor Raghuram Rajan announced plans late on Wednesday to bolster the financial industry and stabilize the rupee. The barometer index, S&P BSE Sensex, and the 50-unit CNX Nifty, both, settled at over three-week high. Nifty settled at 5593 up by 145 points (2.66% up).
The market breadth, indicating the overall health of the market, was strong. The Advance-Decline Ratio in Nifty 50 stocks stood at 33 advances to 16 declines, 1 unchanged. Bank Nifty is the highest gainer (Up by 9.46%) in Nifty, followed by CNX Finance & Realty, sectors underperformed are CNXIT & CNX Pharma both closed in red in otherwise jubilant market.
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