SENSEX Soars 407 Points as Blue Dart Express Jumps 14.57% Amid Market Optimism
The Indian stock market demonstrated strong performance today, with the SENSEX climbing 407.07 points to close at 85,035.23, nearing its 52-week high. This upward trend is supported by a positive advance-decline ratio of 2.11x among BSE500 stocks, with 36 out of 38 sectors advancing, particularly the S&P BSE Utilities sector. Large-cap stocks drove the momentum, while notable gainers included Blue Dart Express and Adani Green. Conversely, the NIFTYAUTO sector declined, and some stocks like Cohance Life faced significant losses. Overall, the market reflects a bullish sentiment over the past three weeks.
The Indian stock market exhibited a robust performance today, with the SENSEX rising by 407.07 points, or 0.48%, to close at 85,035.23. This marks a significant climb from an initial flat opening, as the index surged 371.55 points during the trading session. Notably, the SENSEX is now just 0.3% shy of its 52-week high of 85,290.06 and has gained 3.07% over the past three weeks.Out of 38 sectors, a remarkable 36 advanced, led by the S&P BSE Utilities sector, which gained 2.86%. In contrast, the NIFTYAUTO sector faced a decline of 0.50%. The advance-decline ratio across the BSE500 was notably positive, with 337 advances compared to 160 declines, reflecting a ratio of 2.11x.
Among the top gainers in the BSE500, Blue Dart Express surged by 14.57%, followed by Adani Green at 11.99% and Varun Beverages at 9.56%. On the downside, Cohance Life and Motilal Oswal Financial Services were the top losers, declining by 7.67% and 7.57%, respectively.
Overall, large-cap stocks led the market's upward momentum, with the BSE100, SMLCAP, and MIDCAP indices also showing gains of 0.56%, 0.48%, and 0.46%, respectively.
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