Sensex Soars 1,200 Points, Nifty Crosses 23,700: Key Highlights of Today’s Bull Run
The Sensex surged 1,200 points to 78,340.07, while Nifty crossed 23,700. IT, financials, and energy stocks led the gains, adding ₹5.5 lakh crore to market cap. Adani stocks rebounded, restoring investor confidence in a bullish trading session.
Domestic stock market gained significantly on Friday, when the BSE Sensex gained by 1,193.90 points to close at 78,340.07 and NSE Nifty jumped by 371.50 points to close at 23,721.40. It was seen that the sharp rally in the stocks, especially the gains in the IT, Financial, and Energy sectors, increased investor sentiment, adding more than Rs 5.5 lakh crore to the BSE's market capitalization, now pegged at Rs 430.91 lakh crore.
Key Leaders: Financials, IT, and Energy Stocks
The rally had robust performances in banking, financials, IT, and energy stocks. ICICI Bank, SBI, Reliance Industries, Infosys, and TCS were key contributors, lifting the market to new high levels. Sectoral indices such as Nifty IT, Financial Services, and Oil & Gas outperformed with gains from 1.3% to 1.7%.
Adani Stocks Bounce Back
Beleaguered Adani Group stocks bounced back strongly after sharp losses in early trade and the previous session. The flagship Adani Enterprises jumped by 2.5%, while Ambuja Cement and ACC rose by 6% and 4%, respectively. The bounce came after the group's decisive dismissal of bribery allegations as "baseless," restoring a degree of investor confidence.
FII and DII Activity
While FIIs sold shares worth ₹5,320.68 crore in the previous session, the losses were managed by DIIs, who bought net worth worth ₹4,200.16 crore. Market breadth remained healthy as 2,365 stocks advanced and 147 stocks hit 52-week highs on the BSE.
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