Sensex rises 175 points, ICICI Bank gains 4%
Among other top Sensex gainers, Tata Motors surged 7% while Tata Steel and Vedanta rose 3% each.
Indian markets ended higher today, driven by gains in banking and IT stocks. Sentiment was also boosted as global markets recovered after Bloomberg, citing sources, said that the US and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal despite tensions over Hong Kong and Xinjiang. The Sensex ended 175 points higher at 40,850.29 while the broader Nifty settled at 12,037, up 0.40%.
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