Sensex and Nifty Performance
- Opening Gain: The Sensex opened with an 81-point gain at 65,300.93, compared to the previous close of 65,220.03.
- Intraday High: During the trading session, the Sensex surged by 285 points, reaching an intraday high of 65,504.71.
- Closing High: The Sensex closed the day 213.27 points higher at 65,433.30, marking a gain of 0.33 per cent.
- Nifty50 Movement: The Nifty50 also showed positive movement, hitting an intraday high of 19,472.05. It closed the day at 19,444, up by 47.55 points or 0.25 per cent.
Mid and Smallcaps Outperform
Mid and smallcap stocks exhibited strong performance, outpacing the benchmark indices:
- The BSE Midcap index ended 0.42 per cent higher.
- The Smallcap index closed with a gain of 0.60 per cent.
Overall Market Capitalisation
The overall market capitalisation of firms listed on the BSE increased to ₹309 lakh crore from ₹308.37 lakh crore in the previous session, reflecting the positive sentiment in the market.
Fresh 52-Week Highs
Several stocks hit their fresh 52-week highs in intraday trade on the BSE. Notable among them were Larsen & Toubro, IDFC First Bank, Bharat Forge, BEL, Indian Hotels Company, and Trent.
Top Gainers and Losers in Nifty
- Top Gainers: Hindalco (up 2.34 per cent), Axis Bank (up 2.11 per cent), and ICICI Bank (up 1.58 per cent) were the top gainers in the Nifty index.
- Top Losers: Adani Enterprises (down 5.89 per cent), Adani Ports (down 2.86 per cent), and Sun Pharma (down 1.37 per cent) were the top losers in the index.
Banking Sector Performance
The banking sector stole the limelight during the trading session:
- The Nifty PSU Bank index rose 1.72 per cent, emerging as the top-performing sectoral index.
- The Nifty Private Bank index also posted gains, rising 1.26 per cent.
- The Nifty Bank index showed a positive performance, recording a gain of 1.10 per cent.
Other Sectoral Movements
- Nifty Financial Services rose 0.92 per cent.
- Nifty Media and Consumer Durables indices posted gains of 0.68 per cent and 0.53 per cent, respectively.
- On the flip side, Nifty FMCG fell 0.49 per cent, followed by Nifty Oil & Gas (down 0.31 per cent), Nifty Pharma (down 0.13 per cent), and Nifty Metal (down 0.13 per cent).
Today’s trading session showcased a mix of gains and losses across various sectors, with mid and smallcap stocks leading the charge.
Disclaimer: The information provided here is for educational purposes only and should not be considered financial advice. Always conduct thorough research and consider consulting a financial professional before engaging in algorithmic trading.