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Sensex gained 879 points and Nifty closed at 22,520 as IT stocks led a broad rally after TCS results. Foreign selling, elevated crude prices and rupee pressures remain major risks.
Context from Wikipedia on the organisations, people and places in this story.
Street in Mumbai; metonym for Indian finance
Dalal Street, is the metonym for the financial markets of India, the Indian financial services industry of the country as a whole, or the actual financial district itself. It is located in the Financial District of Fort in Mumbai and is the address of the Bombay Stock Exchange and several other major financial institutions of the world. The Marathi word dalāl means "a broker", "a go-between".
More on Wikipedia ↗Indian stock market index
The BSE SENSEX is an Indian free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange. The 30 constituent companies which are some of the largest and most actively traded stocks, are representative of various industrial sectors of the Indian economy. Published since 1 January 1986, the S&P BSE SENSEX is regarded as the pulse of the domestic stock markets in India. The base value of the SENSEX was taken as 100 on 1 April 1979 and its base year as 1978–79.
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