Mumbai

Stock market benchmarks Sensex and Nifty stayed firm for the third consecutive day and ended with sharp gains on Wednesday, buoyed by massive buying in IT and consumer durables shares amid a rally in global equities markets. Traders said optimism over the anticipated resolution of the US government shutdown and growing expectations of interest rate cuts by the Federal Reserve also bolstered the sentiment.

The Sensex rallied 595 points to settle at 84,466. It gained up to 781 points to hit an intraday high of 84,652. The Nifty climbed 181 points to close at 25,876. During the session, it jumped 240 points to hit a high of 25,934.

“The Nifty extended its winning streak for the third consecutive session supported by optimism over a potential trade deal with the US. Additionally, exi

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