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Market LIVE: Sensex recovers 50,000 points, zooms in by 550 pts to the high of a month, Nifty is approaching 15,050; RIL up 1%

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All Nifty sector indices were trading in the green. The Nifty Metal index gained 2%

Share Market News Today | Sensex, Nifty, stock prices LIVE: National stock market benchmarks BSE Sensex and Nifty 50 rose more than 1% on Thursday, April’s monthly F&O contract expiration day. Firm global indices and the US Federal Reserve’s decision to keep interest rates unchanged helped the indices extend their bull run to the fourth day in a row on Thursday. BSE Sensex recovered 50,000 and was trading at a month high. While the larger Nifty 50 index reigned near the 15,050 level. Of 30 Sensex stocks, 29 were trading in positive territory. IndusInd Bank, Axis Bank, Bajaj Finserv were the main executives. While HCL Tech was the only loser in the index. Index heavyweights such as Reliance Industries Ltd (RIL), HDFC Bank, Housing Development Finance Corporation (HDFC), Axis Bank and ICICI Bank, among others, contributed the most to the index gains. All Nifty sector indices were trading in the green. The Nifty Metal Index gained 2 percent, followed by the Nifty Bank Index which rose 1.5 percent.

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The Federal Reserve said on Wednesday it wanted to keep monetary policy loose for the foreseeable future even as it saw the economic recovery accelerate and the risks of the pandemic begin to diminish. And in a speech to a joint session of Congress later Wednesday, President Joe Biden will outline new infrastructure and social spending programs that could add billions of dollars to the economy in the years to come, according to Reuters. The FOMC left its benchmark rate unchanged in a range of 0 to 0.25 percent and kept its monthly bond buying pace at $ 120 billion.

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