SENSEX Soars 582 Points as Adani Power Leads Gains Amid Market Volatility
The Indian stock market exhibited a mixed performance, with the SENSEX rising by 0.70% to 84,050.34 after a volatile start. The index is nearing its 52-week high, supported by strong gains in the BSE CD sector. However, the NIFTYMEDIA sector declined, reflecting sector-specific challenges. Notable individual performances included Whirlpool India and Bannari Amm. Sug., which saw significant gains, while Wipro and JSW Infrastructure faced losses. The overall advance-decline ratio suggests a tough environment for many stocks, highlighting underlying market volatility.
The Indian stock market displayed a mixed performance today, with the SENSEX trading at 84,050.34, reflecting a gain of 582.68 points or 0.70%. After a rocky start, where it opened 135.88 points lower, the index rebounded sharply, recovering 718.56 points during the session. The SENSEX is now just 0.06% shy of its 52-week high of 84,099.53 and is trading above both its 50-day and 200-day moving averages.Among the sectors, 29 out of 38 advanced, with the BSE CD sector leading the gains at 1.67%. Conversely, the NIFTYMEDIA sector faced a decline of 1.41%. In terms of individual stocks, Whirlpool India emerged as the top mid-cap gainer, surging by 9.20%, while Bannari Amm. Sug. led the small-cap segment with a notable increase of 10.92%. On the downside, Wipro was the largest large-cap loser, falling by 4.93%, followed by JSW Infrastructure at 4.34%.
The advance-decline ratio across the BSE500 stood at 195 advances to 301 declines, indicating a challenging environment for many stocks.
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