Highlights of the Stock Market Rally: RIL and banks shine, Sensex rises 1397 points, while Nifty settles at 23,739
On Tuesday, the Indian equity markets closed on a robust observe, with both the BSE Sensex and NSE Nifty50 turning in gains of over 1%. The Sensex soared to an intraday high of 78,658.59 before settling at 78,583.81, up 1,397.07 factors or 1.81%. Similarly, the Nifty50 ended at 23,739.25, gaining 387.20 factors or 1.62% after buying and selling in a number 23,762.75 to 23,423.15 for the day.
Index heavyweight Reliance Industries contributed significantly to the rally, growing using 2.97% to shut at ₹1,282.90.
Among the Nifty50 parts, 39 stocks ended in the inexperienced. Top gainers blanketed Shriram Finance, Larsen & Toubro, Bharat Electronics, Adani Ports, and IndusInd Bank, with gains of as much as 5.65%. On the turn side, Trent, ITC Hotels, Britannia, Hero MotoCorp, and Nestle India had been the worst performers, with losses of up to 6.44%.
Broader markets saved tempo with the benchmarks. The Nifty Midcap100 index climbed 1.56%, while the Nifty Smallcap100 index posted a gain of one.09%.
Sectorally, all indices except the Nifty FMCG index closed in effective territory. Banking stocks led the rally, with the Nifty PSU Bank and Private Bank indices advancing by over 2% each. The Bank Nifty index surged 1.93% to shut at 50,157.95.
Other exquisite performers protected Nifty Financial Services and Nifty Oil & Marketing Companies (OMCs), both ending with profits exceeding 2%. Meanwhile, Nifty Metal, Pharma, and Healthcare indices additionally registered profits of over 1% every.
The lone underperformer, the Nifty FMCG index, slipped 0.25%, marking the only sectoral loss for the day.
Tuesday’s session meditated strong optimism across most sectors, with banking, economic services, and metal shares riding the market’s upward momentum.
Disclaimer: This article is for informational functions best and does now not represent monetary recommendation. Readers are counseled to seek advice from certified economic specialists before making investment selections. Data and activities stated are primarily based on hypothetical situations as of February 2025.