{"id":8488,"date":"2021-04-01T11:03:30","date_gmt":"2021-04-01T11:03:30","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/01\/sensex-reclaims-50k-nifty-tops-14850\/"},"modified":"2021-04-01T11:03:30","modified_gmt":"2021-04-01T11:03:30","slug":"sensex-reclaims-50k-nifty-tops-14850","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/01\/sensex-reclaims-50k-nifty-tops-14850\/","title":{"rendered":"Sensex Reclaims 50K; Nifty Tops 14,850"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares rose sharply on Thursday, mirroring firm cues from global <span class=\"landLinks\">markets<\/span> after U.S. President Joe Biden announced a multi-trillion-dollar infrastructure investment plan and the latest surveys showed Eurozone factory activity soared in March.<\/p>\n<p>The dollar rally passed and yields steadied after the European Central Bank&#8217;s chief economist reportedly said that the ECB had no intention of curbing its support despite rising inflation.<\/p>\n<p>Closer home, India&#8217;s goods and services tax (GST) collection in March this year hit a record high of Rs 1.23 lakh crore, suggesting that the economic recovery is gathering steam. <\/p>\n<p>The benchmark 30-share BSE Sensex surged 520.68 points, or 1.05 percent to close at 50,029.83, while the broader NSE Nifty index ended up 176.65 points, or 1.20 percent, at 14,867.35.<\/p>\n<p>Metal stocks were among the top gainers, with Tata Steel, Hindalco and JSW Steel surging 6-8 percent on expectations of a swift economic recovery from the <span class=\"landLinks\">coronavirus<\/span> pandemic. <\/p>\n<p>Among other gainers, UltraTech, Bajaj Finance, Axis Bank, Sun Pharma, ICICI Bank, Bajaj Auto, Kotak Mahindra Bank, IndusInd Bank and Adani Ports rose 2-4 percent. <\/p>\n<p>NIIT shares soared 20 percent after the skill and training company announced that its share buyback offer worth Rs. 237 crore will commence on April 12. <\/p>\n<\/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 Reclaims 50K; Nifty Tops 14,850<\/a><br \/>\n<br \/>2021-04-01 11:03:30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares rose sharply on Thursday, mirroring firm cues from global markets after U.S. President Joe Biden announced a multi-trillion-dollar infrastructure investment plan and the latest surveys showed Eurozone factory&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8489,"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-8488","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8488","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=8488"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8489"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}