Today, Thursday, the stock market surged, pushing the Sensex past 81,400. The rise in large-cap stocks like Reliance, Adani Ports, and HDFC Bank boosted investor confidence.
Stock Market Today: The Indian stock market opened Thursday with mild sluggishness, but as the day progressed, it gained significant momentum. After an initial dip, the Sensex and Nifty experienced a sharp rally, surprising investors.
The Bombay Stock Exchange (BSE) Sensex opened at 81,196, then dipped to 80,983 within minutes. However, the market rebounded, and at the time of writing, the Sensex was trading above 81,461, up by over 450 points.
Nifty also Rallies, Benefitting Investors
The National Stock Exchange (NSE) Nifty index also saw a b rally on Thursday after initial fluctuations. It opened at 24,691, compared to the previous close of 24,620, and quickly rose to 24,760, gaining 141 points.
Key Stocks Driving the Market Surge
Several blue-chip companies played a crucial role in this market upswing. The rise in shares of Mukesh Ambani's Reliance Industries and Gautam Adani's Adani Ports provided significant support. HDFC Bank also performed bly.
Significant Gains in Large-Cap Stocks
Among large-cap stocks, Eternal Share saw a 4% increase, PowerGrid 1.60%, Adani Ports 1.50%, and Reliance Industries 1.40%. The gains in these companies propelled the market upwards.
Mid-Cap Stocks Also Perform Exceptionally Well
Many mid-cap stocks also performed exceptionally well. FirstCry shares surged by 5.50%, while JSW Infra saw a 5% increase, UnoMinda 3%, and Paytm 2.30%. This resulted in significant gains for mid-cap investors.
Small-Cap Stocks Witness a Robust Rally
The small-cap segment also experienced a significant rally. PNC Infra shares traded up 9.52%, and CLSEL shares rose by 6.70%. This surge benefited investors in this segment.
Other Stocks also Trade in the Green
Other stocks also provided relief to investors. JM Financial saw a 7.23% increase, GRSE 5%, and Rama Steel 5.60%. Tire company MRF shares rose by 1.72% to ₹1,38,440. Additionally, NIACL gained 3% and Glenmark 2.50%.
