Sensex Rallies 1,000 Points, Nifty Hits Fresh High; Key Reasons For Friday’s Market Rally

News Snapshot:

BSE Sensex surged over 1,000 points to a fresh record high of 73,574. Its NSE counterpart Nifty50 also hit a new peak as it topped 22,300 mark for the first time in Friday’s trade. The market capitalisation of all listed companies on BSE increased by Rs 3.23 lakh crore to Rs 391.18 lakh crore. Among the Sensex 30 shares, Tata Steel, Mahindra & Mahindra and JSW Steel were up nearly 2 per cent each. Tata Motors, Maruti, Larsen & Toubro and Power Grid were the other major gainers. On the flip side, Sun Pharma slipped 0.8 per cent. In the...