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After three consecutive losing sessions, equity benchmarks make a comeback
The New Indian Express
|August 08, 2024
AFTER closing in the red for three straight sessions, domestic equity benchmarks - BSE Sensex and NSE Nifty50-ended higher on Wednesday amid an improvement in global cues and a rally in the major markets.
The benchmark indices, along with the broader market, were under severe selling pressure since last Friday over fears of recession fears in the US and appreciation of Japanese Yen.
The BSE Sensex surged 874.94 points or 1.11% to close at 79,468 while the NSE Nifty50 climbed 304.95 points or 1.27% to end at 24,297. The broader market indices outperformed the benchmarks with the Nifty SmallCap 100 and Nifty MidCap 100 gaining 2.86% and 2.45%, respectively.
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