{"id":8421,"date":"2021-03-30T11:02:51","date_gmt":"2021-03-30T11:02:51","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/30\/sensex-zooms-1128-points-nifty-nears-14850\/"},"modified":"2021-03-30T11:02:51","modified_gmt":"2021-03-30T11:02:51","slug":"sensex-zooms-1128-points-nifty-nears-14850","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/30\/sensex-zooms-1128-points-nifty-nears-14850\/","title":{"rendered":"Sensex Zooms 1,128 Points; Nifty Nears 14,850"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares rallied on Tuesday to extend their recovery for a second straight session, mirroring positive global cues. <\/p>\n<p>Cues from Asia and Europe were mostly positive as investors looked past concerns over a U.S. hedge fund default and rising yields to focus on recovery from the Covid-19 crisis.<\/p>\n<p>The benchmark 30-share Sensex soared 1,128.08 points, or 2.30 percent, to 50,136.58, with banks, financials and metal companies leading the surge. <\/p>\n<p>The broader NSE Nifty index settled at 14,845.10, up 337.80 points, or 2.33 percent, from its previous close. <\/p>\n<p>JSW Steel jumped 5 percent after it completed a resolution plan for Bhushan Steel and Power, including payment of Rs 193.50 billion to financial creditors.<\/p>\n<p>Shares of Steel Authority of India rose over 3 percent, while Jindal Steel &amp; Power and Tata Steel both surged around 4.3 percent. <\/p>\n<p>SBI rose about 1 percent and ICICI Bank added 2.3 percent after JSW Steel said it would pay 193.50 billion rupees ($2.65 billion) to Bhushan Power and Steel&#8217;s creditors. <\/p>\n<p>UPL led gainers in the Nifty pack to rise as much as 7.6 percent, while Wipro and Shree Cement climbed 3.9 percent and 4.9 percent, respectively. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex Zooms 1,128 Points; Nifty Nears 14,850<\/a><br \/>\n<br \/>2021-03-30 11:02:51<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares rallied on Tuesday to extend their recovery for a second straight session, mirroring positive global cues. Cues from Asia and Europe were mostly positive as investors looked past&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-8421","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=8421"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8422"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}