Sensex Surges by 692 Points, Nifty Ends Above 22,800: Market Highlights
At the end of trading hours, the S&P BSE Sensex was up 692 points, or 0.93 percent, at 75,074. The Nifty 50 was up 201 points, or 0.89 percent, at 22,821 at the close.
Record-Breaking Surge: Sensex Hits Historic 75,000-Mark, Nifty Peaks to New Heights
The surge in the IT sector stocks notably fueled the market's ascent in the initial trading session. Among the 30 stocks constituting the BSE Sensex, prominent gainers included Infosys, Tech Mahindra, Tata Consultancy Services, HCL Technologies, Tata Motors, Wipro, ICICI Bank, and Nestle.
Automobile Sector Boosts Nifty to New All-Time High
This surge propelled the combined market capitalization of BSE-listed companies beyond the Rs 400 lakh crore milestone.
Stock Market Surges to All-Time Highs Amid Strong GDP Figures and Increased Foreign Investments
This surge in the equity markets was further propelled by a rally in global markets, contributing to the overall positive sentiment.
Nifty Microcap 250 Emerges as Top Performing Index in January with 9.9% Growth
Anurima Das -
Following closely behind, the Nifty Smallcap 250 Index recorded growth of 7.28% in January 2024. Over the past periods, it has shown significant growth rates of 25.2%, 32.7%, and 62.6% over the last 3 months, 6 months, and one year, respectively.
Market Surge: Nifty Achieves Largest Single-Day Gain Since December 4th
Siddhant Kumar -
On Monday, the Sensex also recorded a noteworthy increase, closing 1,240.90 points or 1.76 percent higher at 71,941.57. Cash market volumes on the NSE were reported to be high at Rs 1.26 lakh crore, and the advance-decline ratio remained positive at 1.39:1, indicating a widespread upward trend in the market, albeit with broad market indices rising less than Nifty.
Nifty Bounces Back with Strong Recovery Following Tuesday's Sharp Decline
Anurima Das -
Following a significant decline on the preceding day, the Nifty Midcap 100 and Smallcap 100 indices recovered some losses, posting gains of 1.80% and 1.70%, respectively. Advancing shares outnumbered declining shares, with the advance-decline ratio standing at 1.83 on the BSE.