Sensex Rises 600 Points, Nifty Hovers Near 17,500: Midday Market Update
Sensex jumped 600 points to 59,014.72 on the BSE, while the Nifty 50 also gained over 1% to hover around 17,500 on the NSE.
India's stock benchmarks advanced, aided by broad-based gains across sectors led by energy, FMCG, industrials, information technology, telecom, power, auto, banking, capital goods and realty stocks amid a rebound in global equities.
The Sensex jumped over 600 points, or 1%, to 59,014.72 on the BSE, while the Nifty 50 also gained over 1% to hover around 17,500 on the NSE. Among Nifty 50 constituents, 42 stocks rose, seven fell, and one remained unchanged.
Adani Ports & Special Economic Zone Ltd., State Bank of India Ltd., ITC Ltd., Bharti Airtel Ltd., and Tata Motors L td. were the top gainers, while NTPC Ltd., Housing Development Finance Corporation Ltd., Bharat Petroleum Corporation Ltd., Divi's Laboratories Ltd., Sun Pharmaceuticals Ltd. declined.
The broader indices underperformed their larger peers, with mid-cap and small-cap gauges adding over 0.6%. All 19 sectoral measures compiled by BSE Ltd. advanced, with the capital goods, auto, and FMCG indices gaining the most.
The market breadth is skewed in favour of the bulls. About 2,152 stocks rose, 1,158 fell, and 138 remained unchanged.