Sensex Jumps 480 Points In Early Trade, Adani, Tata Group Stocks Outperform

Sensex today jumped 480 points to 62,984 in early trade, while the Nifty opened 120 points higher today, a day after US President Joe Biden and the Republicans reached an agreement on increasing the US debt ceiling.

On Friday, the 30-share BSE Sensex had closed 629.07 points or 1.02 per cent higher to settle at 62,501.69. During the day, it rallied 657.21 points or 1.06 per cent to 62,529.83.

The NSE Nifty had climbed 178.20 points or 0.97 per cent to end at 18,499.35 on Friday.

US President Joe Biden and House Speaker Kevin McCarthy forged an agreement over the weekend to avert a default to suspend $31.4 trillion debt ceiling until 2025, ahead of the June 1 deadline. The deal will have to pass through the US Congress. Asian markets also edged higher.