BSE Sensex Soars 369 Points; Blue Dart Express Jumps 13.39% in Strong Market Rally
The Indian stock market showed a positive trend today, with the Sensex rising by 369.41 points to close at 84,997.57, just 0.35% shy of its 52-week high. A strong advance-decline ratio of 1.93x among BSE500 stocks indicates robust market sentiment, with 35 out of 38 sectors advancing. The S&P BSE Utilities sector led gains, while the NIFTY AUTO sector saw a slight decline. Notable individual performers included Blue Dart Express and Adani Green, while Motilal Oswal Financial Services faced significant losses. Overall, large-cap stocks contributed to the market's upward momentum.
The Indian stock market exhibited a positive trend today, with the Sensex rising by 369.41 points to close at 84,997.57, marking a gain of 0.44%. This upward movement comes as the index approaches its 52-week high of 85,290.06, sitting just 0.35% away. The advance-decline ratio across the BSE500 was notably strong, with 327 stocks advancing compared to 169 declining, reflecting a ratio of 1.93x.In terms of sector performance, 35 out of 38 sectors advanced, with the S&P BSE Utilities leading the way, gaining 2.97%. Conversely, the NIFTY AUTO sector faced a slight decline of 0.36%. Among individual stocks, Blue Dart Express emerged as the top gainer in the BSE500, surging by 13.39%, followed closely by Adani Green at 10.89% and Varun Beverages at 8.46%. On the downside, Motilal Oswal Financial Services led the losers with a drop of 7.59%, followed by Cohance Life and CreditAccess Grameen.
Overall, the market's performance today reflects a robust sentiment, particularly in large-cap stocks, as evidenced by the BSE100 and MIDCAP indices also recording gains of 0.56% and 0.37%, respectively.
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