Sensex reclaims 60,000 mark, up 1,315 points in two trading sessions

Easing concerns around Fed hike, rise in Adani Group shares boost sentiment

Indian equity benchmarks rose on Monday as softening US 10-year Treasury bond yield, and China's modest economic growth target eased concerns about inflation and rate hikes. Gains in Adani Group stocks also boosted the overall sentiment.

The BSE Sensex ended the session at 60,224, with a gain of 415 points, or 0.7 per cent. The index is now up 1,315 points, or 2.23 per cent in two trading sessions and has reclaimed the 60,000-mark after February 21, 2023. The Nifty50 ended the session at 17,711, with a gain of 117 points, or 0.6 per cent.

Global markets also rose amid