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Nifty closes above 17,100, Sensex gains over 600 points | 5 factors supporting the market

The broader markets were mixed in trade with the Nifty Midcap 100 index rising half a percent, and Smallcap 100 index down 0.2 percent.

December 01, 2021 / 04:46 PM IST
Sensex, Nifty

Sensex, Nifty

The market saw a healthy rebound after consolidation in the previous three sessions, with the Nifty50 reclaiming the crucial 17,000 mark on December 1. Short covering as well as value buying in leading quality stocks were supporting the market.

The BSE Sensex jumped more than 600 points or over 1 percent to 57,684.79, and the Nifty50 climbed over 180 points or over a percent to 17,166.90.

Broader markets also eked out gains with the Nifty Midcap 100 index rising more than 1 percent, and Smallcap 100 index marginally up by 0.1 percent.

Here are the five factors driving the market higher: