Sensex and Nifty Jump Over 8%, Investors Gain Rs 29 Lakh Crore
India's main stock indices, the Sensex and Nifty, rose by more than 8% in a single session. Investors gained about Rs 29 lakh crore in total value, and foreign institutional investors put in fresh money. Reports point to several reasons for the jump, and some ask whether the rally will last.
Context
The Sensex tracks 30 large companies listed on the BSE, while the Nifty tracks 50 on the NSE, so together they reflect the mood of India's biggest listed firms. FIIs are foreign institutional investors, and their buying or selling can move the market sharply.
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