Sensex regains over 1% on buying in power, utilities

Nifty rose 1.15% to 22,337.30, cutting short its record 10-day falling streak

- Press Trust of India

MUMBAI: Benchmark BSE Sensex surged by 740 points while Nifty snapped a 10-day losing streak on Wednesday following value buying in utilities and power shares and a strong trend in global markets.

The 30-share BSE Sensex surged by 740.30 points or 1.01% to close at 73,730.23. The index jumped 943.87 points or 1.29% to hit an intra-day high of 73,933.80.

Cutting short its record 10-day falling streak, the broader Nifty of NSE rebounded by 254.65 points or 1.15% to settle at 22,337.30. During the day, it appreciated by 312.25 points or 1.41% to a high of 22,394.90.

Broader markets also closed higher with the BSE smallcap gauge climbing 2.80% and mid-cap index advancing 2.66%.