Home / Markets / News / Sensex gains 595 points led by banking stocks, closes above 32,000

Sensex gains 595 points led by banking stocks, closes above 32,000

The rally has been underpinned by sharp gains in banking stocks. The Bank Nifty index has rallied 9.9 per cent in the past two sessions

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Analysts said the monthly expiry of derivatives contracts triggered a lot of short-covering in finance stocks

2 min read Last Updated : May 29 2020 | 1:08 AM IST

The benchmark indices extended their gains on Thursday on the back of continued buying interest in financial stocks amid supportive global cues.

The Sensex closed at 32,201, up 595 points, or 1.8 per cent, while the Nifty gained 175 points, or 1.8 per cent, to end at 9,490. Both the indices are at their highest level since April 30 after gaining more than 5 per cent in the previous two sessions.

The rally has been underpinned by sharp gains in banking stocks. The Bank Nifty index has rallied 9.9 per cent in the past two sessions.

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Topics : stock market Banking stocks Nifty 50 financial stocks Sensex

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