Sensex Gains 455 Points Amid Strong Market Breadth
Sensex jumps 455 pts in early trade; breadth strong
Business Standard
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In early trading, the S&P BSE Sensex surged 455.23 points to 75,031.19, while the Nifty 50 rose 162 points to 23,573.25. Strong performances were noted in the pharma, metal, and PSU bank sectors, despite declines in IT and consumer durables. Foreign portfolio investors sold shares worth ₹4,703.15 crore, while domestic institutional investors bought ₹5,869.05 crore.
- 01S&P BSE Sensex increased by 455.23 points to 75,031.19.
- 02Nifty 50 index rose by 162 points to 23,573.25.
- 03Pharma, metal, and PSU bank stocks saw gains, while IT and consumer durables declined.
- 04Foreign portfolio investors sold shares worth ₹4,703.15 crore.
- 05Domestic institutional investors were net buyers at ₹5,869.05 crore.
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The S&P BSE Sensex experienced a significant increase of 455.23 points, reaching 75,031.19, while the Nifty 50 index rose by 162 points to 23,573.25 in early trading. The market showed strength with the BSE 150 MidCap Index up 0.84% and the BSE 250 SmallCap Index rising 0.85%. Notably, the breadth of the market was strong, with 2,261 shares advancing compared to 763 declines. Key sectors such as pharma, metal, and PSU banks performed well, while IT and consumer durables faced declines. In corporate news, Tata Motors reported a 33.8% increase in consolidated net profit, driving its stock up by 1.24%, while LIC Housing Finance saw a 2.81% decline despite an 8.7% rise in profit. Foreign portfolio investors sold shares worth ₹4,703.15 crore, contrasting with domestic institutional investors who purchased ₹5,869.05 crore. Global markets showed mixed results as investors awaited insights from a high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping.
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The strong performance of the stock market may boost investor confidence and encourage more investments in the Indian economy.
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