Sensex Rises 900 Points To Reclaim 60,000, Nifty Adds Nearly 300 Points: Mid-Day Market Update
India's stock benchmarks advanced, aided by gains in consumer discretionary, banking, industrials, IT, auto, metal, realty stocks.
India's stock benchmarks advanced, aided by gains in consumer discretionary, banking, industrials, information technology, auto, consumer durables, metal, and realty stocks.
All constituents of NSE Nifty Bank Index advanced, as markets rose ahead of two-day U.S. FOMC meet that begins today.
The Sensex gained 900 points or over 1.5% to 60,059.84 on the BSE, while the Nifty 50 advanced over 1.6% to 17,910.50 on the NSE. Among Nifty 50 constituents, 47 stocks rose 2 fell and one remained unchanged.
Apollo Hospitals Enterprise Ltd., Tata Motors Ltd., Hindalco Industries Ltd., Cipla Ltd., and IndusInd Bank Ltd. were the top gainers. Grasim Industries Ltd. and Nestle India Ltd. were the only laggards.
The mid cap index outperformed its larger peers, rising 2% while small cap measure almost mirrored Sensex and Nifty. All of the 19 sectoral indices compiled by BSE Ltd. gained and rose over 1%, with BSE healthcare, auto, consumer durables, and metal gauges gaining over 2%.
The market breadth is skewed in the favour of bulls. About 2,309 stocks rose, 1,045 fell and 145 remained unchanged.