Indian stock markets ended on a strong note today, with both the Sensex and Nifty posting significant gains. The Sensex surged 1,131 points, or 1.53 per cent, to close at 75,301, while the Nifty climbed 325 points, or 1.45 per cent, to settle at 22,834. During the day, the Sensex hit an intra-day high of 75,386, while the Nifty traded between 22,599 and 22,845. This marked the second consecutive session of strong gains for the benchmark indices.
The rally was primarily driven by realty, automobiles, metals, and banks, which contributed significantly to the market’s gains. The market saw a broad-based rally, with 2,715 stocks advancing, 1,153 declining, and 117 remaining unchanged. Investors remained bullish as most stocks saw gains. Among the top gainers on the Nifty were ICICI Bank, Mahindra & Mahindra and Shriram Finance. Conversely, Bajaj Financial Services, Bharti Airtel, and Tech Mahindra were among the few stocks that ended lower. Sectoral indices performed well, with all sectors closing in positive territory. The auto, capital goods, consumer durables, metal, power, realty, and media sectors saw gains of 2-3 per cent. Broader markets also performed well, with small-cap stocks leading the rally. The Nifty Smallcap100 index surged 2.71 per cent, while the Nifty Midcap100 index gained 2.10 per cent. Sectoral indices on the NSE closed in positive territory, with gains of up to 3.62 per cent.