Sensex Soars 685 Points to 84,020; Whirlpool India Jumps 12.32% Amid Mixed Market
The Indian stock market showed a strong recovery today, with the Sensex rebounding from an initial dip to gain 685.89 points, reaching 84,017.67, just 0.1% below its 52-week high. This upward momentum was supported by 20 of 38 sectors advancing, particularly the BSE CD sector, while the NIFTYMEDIA sector declined. Despite the overall positive trend, the advance-decline ratio indicated mixed sentiment, with more stocks declining than advancing. Notable gainers included Whirlpool India, while CreditAccess Grameen led the losses, reflecting a varied performance across different stocks and sectors.
The Indian stock market experienced a notable recovery today, with the Sensex rebounding sharply after an initial dip. After opening down by 135.88 points, the index surged by 685.89 points, currently trading at 84,017.67, reflecting a gain of 0.66%. This positions the Sensex just 0.1% shy of its 52-week high of 84,099.53, indicating strong market momentum.In sector performance, 20 out of 38 sectors advanced, with the BSE CD sector leading the gains at 1.66%. Conversely, the NIFTYMEDIA sector faced the most significant decline, dropping by 1.74%. The advance-decline ratio across the BSE500 showed 169 stocks advancing against 330 declining, highlighting a mixed market sentiment.
Among the top gainers, Whirlpool India stood out with a remarkable increase of 12.32%, followed by Bombay Burmah at 6.00% and Adani Power at 5.44%. On the downside, CreditAccess Grameen led the losses, falling by 6.62%, with Sterling & Wilson and Wipro also experiencing declines of 6.33% and 5.06%, respectively. Mid-cap stocks remained relatively flat, while small-cap stocks faced some pressure, with Dhunseri Ventures plummeting by 19.99%.
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