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Sensex jumps over 460 points, Nifty crosses 23,580 led by pharma, banking stocks

IT stocks remained under pressure, while analysts warned that continued FPI selling, rupee depreciation and high oil prices could weigh on markets. Pharma and textile sectors are expected to benefit from the weaker rupee

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Indian markets rise despite oil and geopolitical concerns. Representational image

Indian markets rise despite oil and geopolitical concerns. Representational image

Domestic equity markets traded higher on Thursday despite elevated oil prices and geopolitical tensions, with benchmark indices rising up to 0.7 per cent amid buying in pharma and banking shares in early trade. 

Sensex rose as much as 462 points or 0.61 per cent to touch an intraday high of 75,071 in morning trade, while Nifty traded around 170 points or 0.72 per cent higher at 23,581.

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