Sensex Soars 570 Points to 84,782; Coforge Leads Gains with 4.43% Surge!
The Indian stock market showed robust performance today, with the Sensex rising 485.27 points to close at 84,782.66, just 0.6% shy of its 52-week high. This marks a 2.77% increase over the past three weeks, indicating a strong bullish trend. Most sectors advanced, particularly the NIFTYPSUBANK, while NIFTYPHARMA experienced a minor decline. Coforge led large-cap gains, while Bharat Wire excelled in the small-cap segment. The overall market sentiment remained positive, as evidenced by a favorable advance-decline ratio among BSE500 stocks.
The Indian stock market experienced a positive session today, with the Sensex climbing 485.27 points to close at 84,782.66, marking a gain of 0.68%. This upward movement brings the index within 0.6% of its 52-week high of 85,290.06. Over the past three weeks, the Sensex has appreciated by 2.77%, indicating a strong bullish trend.In terms of sector performance, 35 out of 38 sectors advanced, with the NIFTYPSUBANK sector leading the gains at 1.36%. Conversely, the NIFTYPHARMA sector saw a slight decline of 0.11%. Large-cap stocks were particularly strong today, contributing significantly to the overall market rise.
Coforge emerged as the top gainer among large and mid-cap stocks, surging by 4.43%. In the small-cap segment, Bharat Wire stood out with an impressive gain of 19.98%. On the downside, SRF and Ola Electric were the top losers in their respective categories, declining by 1.78% and 3.50%.
The advance-decline ratio across the BSE500 was favorable, with 286 stocks advancing compared to 214 declining, reflecting a healthy market sentiment.
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