Nifty Surpasses 24,100 Mark Amid Positive Market Sentiment
Nifty trades above 24,100 level; broader market outperforms
Business Standard
Image: Business Standard
The Nifty 50 index rose by 221.30 points to 24,117.30, supported by positive global sentiment following Iran's peace initiative with the US. Broader markets outperformed, with the BSE MidCap and SmallCap indices increasing by 1.51% and 2.02%, respectively.
- 01Nifty 50 index increased by 221.30 points, reaching 24,117.30.
- 02BSE Sensex rose by 713.97 points to 77,373.64.
- 03Broader market indices, BSE MidCap and SmallCap, outperformed with gains of 1.51% and 2.02%.
- 04Sun Pharmaceutical Industries was the top gainer on Nifty, up 7.18%.
- 05Global markets showed mixed reactions amid ongoing geopolitical tensions.
Advertisement
In-Article Ad
In afternoon trading, the Nifty 50 index climbed 221.30 points to reach 24,117.30, buoyed by positive sentiment from Iran's proposed peace initiative with the United States aimed at easing geopolitical tensions. The S&P BSE Sensex also saw significant gains, rising 713.97 points to 77,373.64. The broader market outperformed the major indices, with the BSE MidCap Index increasing by 1.51% and the BSE SmallCap Index surging 2.02%. Market breadth was strong, with 3,008 shares advancing against 1,184 shares declining on the BSE. Notable gainers included Sun Pharmaceutical Industries (up 7.18%) and Adani Ports (up 2.76%), while Shriram Finance saw a decline of 4.08%. Global markets reacted variably, with Asian shares rising amid ongoing tensions in the Strait of Hormuz and mixed performances in European markets.
Advertisement
In-Article Ad
The rise in the Nifty 50 and broader market indices may boost investor confidence, leading to potential increases in investment and economic activity.
Advertisement
In-Article Ad
Reader Poll
Do you believe the Nifty 50 will continue to rise in the coming weeks?
Connecting to poll...
Read the original article
Visit the source for the complete story.