Markets Extend Gains for the Third Session – Sensex and Nifty Close in Green on Thursday: Sujata Muguda, Stock Marketing Analyst
Sensex Adds 226 Points, Nifty50 Gains 86 Points Amid Mixed Sectoral Trends
Indian benchmark equity indices persisted in their upward momentum for the 0.33 consecutive consultation on Thursday, closing in fine territory. The BSE Sensex rose by way of 226.85 factors or 0.30%, settling at 76,759.81. The index touched an intraday excessive of 76,898.63 and a low of 76401.13 at some point of the consultation.
Meanwhile, the NSE Nifty50 gained 86.40 factors, or 0.37%, to close at 23,249.50. It traded inside a variety of 23,311.15 (excessive) and 23,139.20 (low) at some stage in the day.
Top Gainers and Losers
On the Nifty50, 35 of the 51 constituent stocks ended inside the inexperienced, using the index higher. The top gainers blanketed:
- Bharat Electronics
- Power Grid Corporation
- Cipla
- Hero MotoCorp
- Bharti Airtel
These stocks recorded gains of up to 4.87%.
On the turn aspect, 17 stocks ended decrease, with Tata Motors, ITC Hotels, Adani Enterprises, Shriram Finance, and Bajaj Finserv leading the laggards. Losses in those stocks extended to 6.98%.
Broader Market Performance
The Nifty Smallcap 100 index published modest gains of 0.12%.
The Nifty Midcap hundred index edged down slightly by using 0.01%, reflecting a blended overall performance in broader markets.
Sectoral Highlights
Sectoral indices ended on a blended word:
Top Gainers:
- Nifty FMCG (+1.55%)
- Healthcare
- Financial Services
- Pharma
- OMCs
Top Losers:
- Nifty IT (-1.14%), dragged via Coforge and Mphasis
- Nifty Auto
- Metals
- PSU Bank
Consumer Durables (losses of up to 1.84%)
India VIX Surges
The India VIX, which measures marketplace volatility, jumped 6.70% to settle at 17.39 factors, signaling extended uncertainty in marketplace sentiment.
Conclusion
Indian equity markets showed resilience with their third immediately consultation of profits, driven by using power in pick sectors and big-cap shares. However, blended performances throughout sectors and a spike in volatility spotlight the cautious sentiment among buyers. Market participants are possibly to keep a near eye on worldwide cues and domestic trends to gauge the following course of the indices.
Disclaimer: This article is for informational purposes only and not financial advice. Consult a qualified advisor before making investment decisions.