Sensex, Nifty up 1%; IT Stocks Rally on Positive US Economic Outlook

Indian equities ended on a positive note with Nifty seeing gains of 0.98% at 24,708.4, while Sensex surged by 1% at 81,765.86.

A positive commentary in the US economy propelled IT stocks to rally in today’s trading session by 2%. While financial stocks ended 0.7% higher, shares of Swiggy and Zomato gained significantly by 4.58% and 4.18% respectively.

The street awaits RBI’s Monetary Policy Committee meeting on December 6. As per experts, central Bank is likely to slash the Cash Reserve Ratio (CRR) to stem liquidity into the system.