May 18, 2023, 10:15AM ISTSource: ET Now
The Indian stock market witnessed a robust rally today as the benchmark Sensex index soared over 300 points, nearing the 18,300 mark. The broader Nifty index also displayed strength, inching closer to the 18,300 level. Investors cheered positive global cues and encouraging economic data, driving the market sentiment. Leading the charge, Jindal Saw, a prominent steel pipe manufacturer, witnessed a remarkable surge of 7% in its stock price. The company’s strong financial performance and optimistic market outlook attracted substantial buying interest from investors. Jindal Saw’s stock rose sharply, contributing significantly to the overall gains in the market.