Getty ImagesThe NSE Nifty index ended the session 178.2 points up at 18499.35, while BSE Sensex rose 629.07 points to 62501.69.
In the Nifty index, Reliance Industries Ltd.(up 2.73 per cent), Sun Pharmaceutical Industries Ltd.(up 2.63 per cent), Hindalco Industries Ltd.(up 2.30 per cent), Divi's Laboratories Ltd.(up 2.28 per cent) and Hindustan Unilever Ltd.(up 2.12 per cent) stood among the top gainers.
On the other hand, Oil And Natural Gas Corporation Ltd.(down 1.36 per cent), Grasim Industries Ltd.(down 0.77 per cent), Bajaj Auto Ltd.(down 0.60 per cent), Bharti Airtel Ltd.(down 0.58 per cent) and Power Grid Corporation of India Ltd.(down 0.27 per cent) were among the top losers of the day.
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Economy Grew Faster at 5.1% in Q4: EconomistsReserve Bank of India (RBI) governor Shaktikanta Das on Wednesday indicated FY23 growth may have exceeded the official estimate of 7% on the back of strong growth momentum in the March quarter.
Investors from 21 Nations Exempted from Angel TaxIndia exempted investments by non-resident entities such as sovereign wealth funds and pension funds from 21 countries from the so-called ‘angel tax’, leaving out Mauritius, Singapore, and UAE among others that account for significant equity inflow into the country.
DoT Won’t Give 5G Spectrum to Enterprises for Private NetworkThe Department of Telecommunications (DoT) has decided against giving spectrum directly to enterprises for captive private networks, snubbing companies such as Infosys, Larsen & Toubro, Tata Power and GMR, which have been calling for allocation of airwaves without auctions.
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