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Strong rally in the stock market

Sensex was up 834 points in early trade. The Sensex touched 49,000 points and the Nifty was up over 14,500.

After two days of correction, the stock market showed strong performance. The Nifty, which started the day higher by 90 points, was later seen improving. The Nifty is up 240 points.

Global indicators helped the market. With the Nifty closing above 14,500, the bulls have regained market dominance again from the bears.

Shares of real estate, metal and public sector banks were the top gainers. The Nifty real estate index rose 4.3 per cent.

Of the 50 stocks in the Nifty, 45 gained. Bajaj Finserv is the top gainer in Nifty. Shares of Bajaj Finserv rose as much as 7 per cent. Shares of Tata Motors and Bajaj Finance also rose more than 5 per cent.

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