InvestorQ : What explains the 1400 points rally in the Sensex in just 2 day?
Debbie Mascarenhas made post

What explains the 1400 points rally in the Sensex in just 2 day?

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Arti Chavan answered.
4 weeks ago
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It was a day when the Sensex crossed 50,000 and the Nifty crossed 15,000 with a degree of conviction. But more importantly, Sensex rallied over 1400 points in just two days flat. The rally was driven by heavyweight names in the market like HDFC Bank, Reliance and Bajaj Finance. However, there was also good deal of short covering adding to the rally.

In an interesting turn, automobile stocks like M&M and Bajaj Auto were among the big gainers participating in the rally on Tuesday. The COVID situation is improving and the Nifty and Sensex are back to being optimistic. But, above all, it is the urgency and speed shown by the government in arresting the spread of COVID that really impressed markets.

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