Business

Global rebound, banking rally lift Sensex 265 points

PTI

Market found its winning ways on Thursday as Sensex rose over 265 points and Nifty reclaimed the key 8,500-level on emergence of rally in bank stocks in anticipation of rise in deposits after withdrawal of high value notes and investors coming to terms with US poll result. The trading momentum in domestic markets accelerated tracking the overnight recovery in the US market and later on the Asian bourses. Global investors are believed to have consoled themselves by factoring in Donald Trump’s pro-business policies, also resonating in domestic market trading momentum.