Nifty Index Surpasses 24,300 Amid Strong Media Sector Performance
Nifty tad above 24,300 level; media shares in demand
Business Standard
Image: Business Standard
The Nifty 50 index rose to 24,314.35, reflecting a 0.48% increase, as media shares continued to gain traction. The broader market also showed strength, with the BSE MidCap and SmallCap indices rising by 1.03% and 1.49% respectively, amidst cautious optimism over potential US-Iran peace talks.
- 01Nifty 50 index reached 24,314.35, up 0.48%.
- 02Media shares extended gains for the third consecutive session.
- 03BSE MidCap and SmallCap indices rose by 1.03% and 1.49% respectively.
- 04Market breadth was strong with 2,963 shares rising.
- 05KPI Green Energy received a power trading license, boosting its stock by 2.10%.
Advertisement
In-Article Ad
In mid-afternoon trading, the Nifty 50 index in India climbed to 24,314.35, a 0.48% increase, while the S&P BSE Sensex rose 361.04 points to 78,349.72. Media shares, including Nazara Technologies and D B Corp, continued their upward trend, contributing to a broader market performance that outpaced frontline indices. The BSE MidCap and SmallCap indices increased by 1.03% and 1.49% respectively, indicating strong market breadth with 2,963 shares advancing against 1,274 declines. Additionally, the yield on India's 10-year benchmark federal paper rose slightly to 6.920%. In the commodities market, Brent crude prices fell by 0.98% to $98.42 per barrel. Noteworthy stock movements included KPI Green Energy, which gained 2.10% after obtaining a power trading license, and Crisil, which saw a 5.32% increase following a significant rise in net profit.
Advertisement
In-Article Ad
The strong performance of the Nifty and media shares may boost investor confidence and encourage more trading activity in the Indian stock market.
Advertisement
In-Article Ad
Reader Poll
Do you think the Indian stock market will continue to rise in the coming weeks?
Connecting to poll...
More about BSE
Read the original article
Visit the source for the complete story.


