Nifty Rises 0.49% as Whirlpool Soars 11.92% Amid Mixed Market Performance
The Indian stock market displayed a mixed performance, with 20 sectors advancing and 18 declining. The BSE CD sector gained 1.48%, while the NIFTY IT sector fell by 1.63%. The advance-decline ratio was unfavorable, with 165 advances versus 333 declines in the BSE500. Despite this, the Nifty reached a new 52-week high, closing at 25,709.85, up 0.49%. Whirlpool India led the gainers with an 11.92% rise, while CreditAcc. Gram. was the biggest loser at -7.20%. Overall, large-cap stocks drove the market's positive momentum.
The Indian stock market exhibited a mixed performance today, with 20 out of 38 sectors advancing while 18 sectors declined. The BSE CD sector emerged as the top gainer, rising by 1.48%, while the NIFTY IT sector faced the most significant decline, dropping by 1.63%. The advance-decline ratio across the BSE500 reflected a challenging environment, with 165 advances against 333 declines. The BSE100 caps saw a modest increase of 0.34%, while mid-cap and small-cap indices fell by 0.43% and 0.49%, respectively.
Among the top gainers in the BSE500, Whirlpool India led with an impressive rise of 11.92%, followed by Bombay Burmah at 5.73% and Adani Power at 5.47%. Conversely, the top losers included CreditAcc. Gram. at -7.20%, Sterling & Wils. at -6.71%, and Jindal Saw at -5.37%.
The Nifty closed at 25,709.85, marking a gain of 124.55 points or 0.49%, and achieved a new 52-week high. The SENSEX also performed well, trading at 83,952.19 with a gain of 484.53 points or 0.58%. Overall, large-cap stocks led the market today, contributing to the positive momentum.
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