Sensex, Nifty zoom; govt approves 100% FDI in aviation, defence

Epic Research sensex nifty50



Equity benchmarks extended rally in afternoon trade with the Sensex rising 197.46 points to 26823.37 and the Nifty climbing 59.55 points to 8229.75 after approvals for FDI in various sectors.
The market breadth was also positive as about 1320 shares advanced against 1116 declining shares on Bombay Stock Exchange.
The government has made slew of announcements for various sectors by opening FDI. It has approved 74 percent FDI in brownfield pharma under automatic route, 100 percent in scheduled airlines & defence sectors. Dr Reddy’s, Biocon Reliance Defence and Jet Airways rallied 2-8 percent.

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