SENSEX Soars 566 Points as Coforge Leads Gains; Advance-Decline Ratio Hits 1.46x!
The Indian stock market demonstrated strong performance, with 33 out of 37 sectors advancing. The S&P BSE Telecommunication sector led gains, rising 2.37%, while the NIFTYMEDIA sector saw a minor decline. The SENSEX increased by 566.96 points to reach 84,778.84, supported by a favorable advance-decline ratio of 296 to 203. Mid-cap stocks outperformed, with the Nifty Midcap 100 index up 0.93%. Hatsun Agro emerged as the top small-cap gainer, surging 20%, while overall market momentum remains positive, with Nifty trading close to its 52-week high.
The Indian stock market experienced a robust performance today, with a significant majority of sectors advancing. Out of 37 sectors, 33 saw gains, while only 4 sectors declined. The S&P BSE Telecommunication sector emerged as the top performer, rising by 2.37%, while the NIFTYMEDIA sector faced a slight setback, declining by 0.26%.The SENSEX climbed to 84,778.84, marking a gain of 566.96 points or 0.67%. The advance-decline ratio across the BSE500 stood at 296 advances to 203 declines, reflecting a healthy market sentiment. Mid-cap stocks led the charge, with the Nifty Midcap 100 index increasing by 0.93%.
Among individual stocks, Hatsun Agro stood out with a remarkable gain of 20.00%, making it the top small-cap gainer. In the large-cap category, Coforge rose by 3.95%, while Bharti Hexacom led mid-caps with a 4.63% increase. Conversely, G M Breweries faced the largest decline among small caps, dropping by 9.98%.
Overall, the market is showing positive momentum, with Nifty trading above its 50-day moving average and just 0.53% away from its 52-week high.
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