Sensex, Nifty Surge For Sixth Day Powered By Auto, Energy Stocks: Market Wrap
The Sensex and Nifty rose, aided by gains in auto, energy, oil and gas, FMCG and power stocks, amid a slid in brent crude prices.
India's stock benchmarks rose, aided by gains in auto, energy, oil and gas, FMCG and power stocks, amid a slid in brent crude prices.
The Sensex and Nifty have risen for six days in a row, equalling the longest winning streak in 2022, so far.
The Sensex gained over 0.6% (nearly 380 points) to 59,842.21. The Nifty advanced by a similar magnitude to 17,825.25. Today, 42 of the Nifty 50 stocks rose while eight fell.
HDFC Life Insurance Co., Adani Ports and Special Economic Zones Ltd. and Eicher Motors Ltd. were among the top gainers.
The broader indices have outperformed their larger peers, with both Midcap and Smallcap gauges adding over 1%.
Barring metal and telecom, all the other 17 sectoral indices compiled by BSE Ltd. rose, with the auto index gaining over 2.5%.
The market breadth was skewed in favour of bulls. About 1,995 stocks rose, 1,553 fell, and 157 remained unchanged.