Sensex jumped 772.73 points from day's low to end at 59,005.27, up 514.34 points or 0.88% from its previous close
A credit event for Evergrande seems unavoidable, spillover into other markets depends on whether Evergrande restructures or fully liquidates.
The new change in the trade cycle, like most changes, will bring in some benefits and some challenges to face.
HCL Tech, Infosys, HUL, ITC, Bharti Airtel and TCS were the top gainers on the Sensex. Maruti, Bajaj Finserv, Axis Bank, Nestle were the laggards.
The overall market breadth was negative as 2,332 stocks declined on the BSE, while 1,041 advanced and 134 remained unchanged.
At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 244.52 points or 0.41% at 58,771.37.
The constitution of a ‘Bad Bank’ in our view is a positive development as the focus remains on the faster resolution of stressed assets
Experts share insights on whether the markets will sustain the rally beyond the new highs or will they head for correction.
The Sensex hit a record high of 59,737.32 while the Nifty hit an all-time high of 17,792.95 in morning trade.
Companies need to deliver in terms of performance and the government must deepen a conducive environment to justify investor's confidence in markets