Stock Market Surges: Sensex Jumps 1,131 Points to Close at 75,301, Nifty Crosses 22,834; Investors Gain ₹5 Lakh Crore
Stock Market Rally: A significant surge was witnessed in the Indian stock market on Tuesday, creating a buoyant atmosphere among investors. The Sensex closed at 75,301.26, up 1,131.31 points (1.52%), while the Nifty ended at 22,834.30, a gain of 325.55 points (1.45%). All sectoral indices closed in the green, with auto and financial stocks witnessing the most significant buying activity.
Top Gainers: ICICI Bank, M&M Shine
ICICI Bank emerged as the top gainer, closing at ₹1,310 after a 3.22% surge. M&M shares also saw a b performance, rising 3.19% to close at ₹2,791, while L&T climbed 3.07% to settle at ₹3,271.
Other Top Gainers:
Shriram Finance: Increased by 3.06% to ₹642.30
Tata Motors: Jumped 2.88% to ₹680.05
Top Losers: Bajaj Finserv Suffers Most
Only four stocks in the Nifty 50 pack recorded declines.
Bajaj Finserv: Decreased by 1.44% to ₹1,845
Bharti Airtel: Fell 0.73% to ₹1,627
Tech Mahindra: Weakened by 0.66% to ₹1,431
RIL: Experienced a minor dip of 0.01% to ₹1,239
All Sectoral Indices Close in the Green
Nifty Auto Index: Increased by 2.38% to 21,235
Bank Nifty: Rose by 1.99% to 49,315
Nifty FMCG: Gained 1.78% to 25,794
Nifty Pharma: Increased by 1.63% to 21,041
Nifty IT: Climbed 1.33% to 36,619
Investors Reap ₹5 Lakh Crore in Profits
Positive global cues and a b rally in the Hong Kong stock market fueled significant buying activity in the Indian market. This robust rally resulted in an approximate ₹5 lakh crore increase in the total market capitalization of BSE-listed companies.
