SENSEX Soars 411 Points to 84,363; CEAT Leads BSE500 with 12.55% Surge!
The Indian stock market showed strong performance today, with the SENSEX rising by 411.18 points to reach 84,363.37. A majority of sectors advanced, particularly the NIFTYPSUBANK, which increased by 2.87%. The advance-decline ratio of 1.44x indicates robust market breadth, with mid-cap stocks leading the gains. The Nifty closed at a new 52-week high, reflecting a 3.81% increase over the past three weeks. CEAT emerged as a top gainer, while Tata Investment Corporation faced significant losses, highlighting a mixed but generally positive market sentiment.
The Indian stock market exhibited a positive trend today, with the SENSEX trading at 84,363.37, reflecting a gain of 411.18 points or 0.49%. Out of 37 sectors, 27 advanced while 10 declined, showcasing a robust market breadth. The NIFTYPSUBANK sector emerged as the top performer, rising by 2.87%, while the NIFTYAUTO sector faced a slight decline of 0.16%.The advance-decline ratio across the BSE500 stood at 1.44x, with 293 stocks advancing compared to 204 declining. Mid-cap stocks led the market's upward momentum, with the Nifty Midcap 100 index increasing by 0.75%. The SENSEX and Nifty both demonstrated strong performance, with the Nifty closing at a new 52-week high of 25,843.15, up by 133.3 points or 0.52%. Notably, the Nifty has gained 3.81% over the past three weeks.
Among the top gainers in the BSE500, CEAT surged by 12.55%, followed by RBL Bank and AU Small Finance, both of which saw gains exceeding 9%. Conversely, Tata Investment Corporation led the decliners with a drop of 9.64%. Overall, the market displayed resilience, with mid-cap stocks particularly driving the positive sentiment.
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