Sensex Soars 514 Points as ICICI Lombard Jumps 8.19% Amid Strong Market Sentiment
The Indian stock market demonstrated strong performance today, with the Sensex rising 514.31 points to close at 82,544.29, nearing its 52-week high. The advance-decline ratio on the BSE500 highlighted bullish sentiment, with 365 stocks advancing compared to 134 declining. Mid-cap stocks outperformed, and 37 of 38 sectors saw gains, led by NIFTYREALTY. Notable gainers included ICICI Lombard and Persistent Systems, while SKF India experienced a significant drop. Overall, the market has gained 2.63% over the past three weeks, reflecting a sustained upward trend.
The Indian stock market exhibited a robust performance today, with the Sensex climbing 514.31 points, or 0.63%, to settle at 82,544.29. This marks a significant upward trend, as the index is now just 1.88% shy of its 52-week high of 84,099.53. The market's positive momentum is reflected in the advance-decline ratio across the BSE500, which showed 365 advances against 134 declines, indicating a strong bullish sentiment.Mid-cap stocks led the charge, with the BSE Mid Cap index rising by 1.04%. The BSE100 and SMLCAP indices also posted gains of 0.8% and 0.69%, respectively. Among the top gainers, ICICI Lombard surged by 8.19%, followed closely by Persistent Systems at 7.26% and Bank of Maharashtra at 7.23%. Conversely, SKF India faced a dramatic decline of 54.58%, making it the top loser, alongside Tata Investment Corporation and C.E. Info Systems, which fell by 8.81% and 4.59%, respectively.
In sector performance, 37 out of 38 sectors advanced, with NIFTYREALTY leading the way with a gain of 3.26%. The only sector to decline was NIFTYMEDIA, which fell by 0.25%. Overall, the market's upward trajectory continues, with a notable 2.63% gain over the past three weeks.
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