Bombay: Major equity indices, the Sensex and Nifty, rose more than 1 percent to close at lifetime highs after IT, banking and oil stocks rallied and trends in global markets stabilized on expectations of slower Federal Reserve rate hikes.
Benchmark BSE Sensex rallied 762.10 points, or 1.24 percent, to settle at 62,272.68, its record closing high as 26 of its constituents ended in the green. Over the day, it rose 901.75 points, or 1.46 percent, to its lifetime high of 62,412.33. The wider…
