Nifty Soars 0.92% to 24,836; Tata Motors Leads with 5.54% Surge!
The Indian stock market showed strong performance today, with the Nifty closing at 24,836.30, up 0.92%, despite trading below its 50-day moving average. The SENSEX also rose by 0.89%, reflecting positive market sentiment as evidenced by a favorable advance-decline ratio in the BSE500. The Nifty Small Cap 100 outperformed with a 1.1% gain, while 37 of 38 sectors advanced, led by NIFTYMEDIA. Notable gainers included Sun TV Network and Tata Motors, while JSW Holdings and Delhivery faced losses. Overall, the market indicates a bullish outlook amidst strong sector performance.
The Indian stock market exhibited a positive trend today, with the Nifty closing at 24,836.30, marking a gain of 225.2 points or 0.92%. Despite trading below its 50-day moving average, the Nifty's 50 DMA remains above the 200 DMA, indicating a potential bullish outlook. The Nifty Small Cap 100 led the market with a rise of 1.1%, while large caps traded flat.The SENSEX also saw a significant increase, trading at 80,983.31, up by 715.69 points or 0.89%. The advance-decline ratio across the BSE500 was notably strong, with 364 stocks advancing compared to 136 declining, reflecting a robust market sentiment.
Among the top gainers, Sun TV Network surged by 15.33%, followed by Tata Motors, which rose by 5.54%. In the small-cap segment, Dynacons Systems led with a remarkable gain of 20.00%. Conversely, JSW Holdings was the biggest loser, down by 5.00%, alongside Delhivery, which fell by 3.38%.
Overall, 37 out of 38 sectors advanced, with NIFTYMEDIA leading the pack at 3.97%, while NIFTYPSUBANK was the only sector to decline, down by 0.37%.
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