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Market ends with substantial gains; Nifty settles below 24,400 level
As per provisional closing data, the S&P BSE Sensex jumped 521.16 points or 0.67% to 78,285.07. The Nifty 50 index rose 159.50 points or 0.66% to 24,430.35. In the four consecutive trading sessions, the Sensex rallied 2.36% while the Nifty jumped 2.36%.
Explained: Why Sensex gained 521 points and Nifty closed above 24,400 today
The Sensex rose 521 points to close at 78,285, while the Nifty gained 160 points to settle at 24,430, ending near the day's high. The Nifty Bank advanced 353 points to 58,292, while the Midcap Index added 281 points to close at 62,472. Market breadth remained in favour of advances.
Taking Stock: Market rally extends to fourth day; Nifty closes above 24,400, Sensex climbs 521 pts - TradingView
Taking Stock: Market rally extends to fourth day; Nifty closes above 24,400, Sensex climbs 521 ptsTradingView
Taking Stock: Market rally extends to fourth day; Nifty closes above 24,400, Sensex climbs 521 pts - Moneycontrol.com
Taking Stock: Market rally extends to fourth day; Nifty closes above 24,400, Sensex climbs 521 ptsMoneycontrol.com
Stock market today: Sensex jumps 500 points, Nifty 50 closes above 24,400; investors earn ₹2 lakh crore in a day
The Sensex ended 521 points, or 0.67%, higher at 78,285, while the Nifty 50 closed at 24,430, up 160 points, or 0.66%. The mid and small-cap segments also rose. The Nifty Midcap 100 and Smallcap 100 indices gained 0.45% and 0.75%, respectively.
Use any rally in metal stocks to exit, earnings downgrades ahead: Rakesh Arora
Strong June-quarter earnings could lift metal stocks in the near term, but one market expert believes the optimism is already priced in. He expects softer commodity prices to trigger earnings downgrades in the coming quarters and says any rally should be seen as an opportunity to book profits rather than add fresh positions.
Glenmark Pharmaceuticals Ltd stays supported
Glenmark Pharmaceuticals Ltd is quoting at Rs 2260.5, up 2.24% on the day as on 12:49 IST on the NSE. The stock is up 21.53% in last one year as compared to a 4.02% slide in NIFTY and a 15.14% slide in the Nifty Pharma index.
Hindalco Industries Ltd rises for third consecutive session
Hindalco Industries Ltd is quoting at Rs 976.1, up 2.4% on the day as on 12:49 IST on the NSE. The stock is up 41.03% in last one year as compared to a 4.02% drop in NIFTY and a 33.49% drop in the Nifty Metal index.
Muthoot Finance Ltd soars 1.8%, up for third straight session
Muthoot Finance Ltd is quoting at Rs 3110, up 1.8% on the day as on 12:49 IST on the NSE. The stock is up 16.89% in last one year as compared to a 4.02% fall in NIFTY and a 0.71% fall in the Nifty Financial Services index.
IDFC First Bank Ltd up for third straight session
IDFC First Bank Ltd is quoting at Rs 81.28, up 1.02% on the day as on 12:49 IST on the NSE. The stock is up 4.59% in last one year as compared to a 4.02% slide in NIFTY and a 2.5% slide in the Nifty Bank index.
Sensex jumps over 600 points, Nifty above 24,450: Top 6 factors fueling today's Dalal Street rally
Indian stock markets soared on Monday, with Sensex and Nifty extending their rally for a fourth straight session. Heavy rainfall bolstering monsoon hopes, coupled with Foreign Institutional Investors turning net buyers, significantly boosted investor sentiment. HDFC Bank led the gains, while broader markets also saw positive movement, adding substantial value to the overall market capitalization.
Abbott India Ltd gains for fifth session
Abbott India Ltd is quoting at Rs 26830, up 3.61% on the day as on 12:44 IST on the NSE. The stock is down 22.2% in last one year as compared to a 3.99% gain in NIFTY and a 15.09% gain in the Nifty Pharma.