Sensex Gains 326 Points, Nifty Rises 85 Points as Markets Trade at 71,683 and 21,602 Respectively
Bullish Momentum: Sensex Surges Over 300 Points, Nifty Tops 21,600; Torrent Power and Adani Total Gas Register 6% Surge
SUMMARY
- Bajaj Finance Leads Nifty Gainers with a 3.63% Surge in Stock Value
- Bajaj Finserv, Adani Ports, NTPC, and Infosys Show Strong Performance, Recording Gains of Up to 2.67%
- Market Contrast: BPCL, Tata Steel, Hindalco, Bajaj Auto, and Dr. Reddy’s Labs Emerge as Top Laggards
The Indian equity markets experienced a positive start on Thursday, with key sectors such as technology, financials, and consumer stocks contributing to the overall gains. In specific terms, the 30-share BSE Sensex increased by 326 points or 0.46%, reaching a trading level of 71,683. Similarly, the NSE Nifty, representing the National Stock Exchange, saw a rise of 85 points or 0.40%, reaching a trading level of 21,602.
Additionally, the broader market, including mid-cap and small-cap shares, also demonstrated positive momentum. The Nifty Midcap 100 index witnessed an increase of 0.81%, and the small-cap segment gained 0.70%.
On the global front, Asian markets began the day on a positive note. However, in the previous session, Wall Street equities experienced a decline.
In the domestic market, foreign institutional investors (FIIs) were net sellers, offloading shares worth Rs 666.34 crore, while domestic institutional investors (DIIs) also divested stocks amounting to Rs 862.98 crore in the previous session, as per exchange data.
14 out of 15 NSE sector gauges traded positively, with Nifty IT, Nifty Financial Services, Nifty FMCG, and Nifty Consumer Durables leading with gains of up to 0.88%, 0.76%, 0.64%, and 0.44%, respectively. Meanwhile, Nifty Media declined by 0.21%.
Bajaj Finance emerged as the top gainer in the Nifty pack, surging 3.63% to trade at Rs 7,653. Bajaj Finserv, Adani Ports, NTPC, and Infosys also recorded gains, climbing up to 2.67%.
In contrast, BPCL, Tata Steel, Hindalco, Bajaj Auto, and Dr. Reddy’s Labs were the top laggards in the market.
The overall market breadth remained positive, with 2,377 shares advancing and 630 declining on BSE.
On the 30-share BSE index, key market heavyweights including Bajaj Finance, Infosys, HDFC Bank, NTPC, Reliance Industries, Axis Bank, and L&T emerged as the top gainers.
Torrent Power, Adani Total Gas, Ujjivan Small Finance Bank, Sobha, and Kaynes witnessed substantial gains, surging up to 5.93%. On the contrary, PVR, Inox, Sun Pharma Advanced, VST Industries, Indian Oil Corporation, Hindustan Petroleum, and BPCL faced declines, slipping by up to 2.57%.
