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Sensex up 1,000 pts as trading session extended
TIWN
TIWN
PHOTO : TIWN
Mumbai, Feb 25 (TIWN) The BSE Sensex soared over 1,000 points on Wednesday afternoon after the trading session for the equities and equities derivatives segment was extended till 5 p.m.
"NSE has multiple telecom links with two service providers to ensure redundancy and we have received communication from both the telecom service providers that there are issues with their links due to which there is an impact on NSE system. We are working on restoring the systems as soon as possible," NSE said. READ MORE
Post resumption of trade, both the Sensex and Nifty witnessed bouts of volatility as investors scurried to square off their positions, and execute morning trades.
The benchmark S&P BSE Sensex zoomed to day's high during the fag-end of the session, soaring 1,130 points in the intra-day trade. The index ended 1,030 points, or 2 per cent, higher at 50,782 levels. HDFC Bank, Axis Bank, ICICI Bank, SBI, and HDFC, up in the range of 3 per cent and 5 per cent, were the top gainers among the 23 stocks that ended in the green.
On the contrary, Dr Reddy's Labs, TCS, Sun Pharma, Asian Paints and Power Grid declined between 0.5 per cent and 1.4 per cent and closed as top laggards on the index.
Weightage-wise, HDFC Bank, Reliance Industries, HDFC, ICICI Bank, and Axis Bank supported the index.
Overall, market breadth on the BSE remained titled towards advances with over 1,850 stocks settling higher, compared with around 1,000 stocks that slipped today.
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