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Nifty rises nearly a percent, biggest gain in two weeks

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Reuters
Last Updated : Jun 29 2016 | 4:28 PM IST

REUTERS - The NSE Nifty rose 0.9 percent on Wednesday to post its biggest single-day percentage gain in two weeks, as auto and retail sector shares advanced after the federal government approved a pay hike for its employees.

Sentiment was also boosted by a global relief rally as the immediate impact of Brexit began to fade.

The broader Nifty ended up 0.94 percent at 8,204, recording its biggest single-day percentage gain since June 15.

The benchmark BSE Sensex gained 0.81 percent to 26,740.39.

(Reporting by Darshana Sankararaman in Bengaluru; Editing by Subhranshu Sahu)

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First Published: Jun 29 2016 | 4:10 PM IST

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