Sensex and Nifty Indices Gain Amid Consumer Durables Rally
Sensex, Nifty trade higher; consumer durables shares rally
Business Standard
Image: Business Standard
The S&P BSE Sensex rose by 330.81 points to 74,890.05, while the Nifty 50 gained 105.25 points to reach 23,485.80 as consumer durables stocks surged. The market showed strong breadth with 2,477 shares advancing against 1,496 declines, indicating positive investor sentiment ahead of Q4 earnings.
- 01S&P BSE Sensex increased by 0.44%, closing at 74,890.05.
- 02Nifty 50 index rose by 0.46%, reaching 23,485.80.
- 03Consumer durables index jumped by 2.07%, rebounding from a previous decline.
- 04Strong market breadth with 2,477 shares rising compared to 1,496 falling.
- 05Sai Silks reported a 141.67% increase in Q4 profit year-on-year.
Advertisement
In-Article Ad
In early afternoon trading, the S&P BSE Sensex climbed 330.81 points or 0.44% to 74,890.05, while the Nifty 50 index added 105.25 points or 0.46%, reaching 23,485.80. This rally was driven by value buying in consumer durables stocks, which surged for the second consecutive session. The Nifty Consumer Durables index advanced 2.07% to 35,351.85 after previously declining 5.26%. The broader market outperformed the main indices, with the BSE 150 MidCap Index rising 1.18% and the BSE 250 SmallCap Index climbing 0.87%. The market breadth was robust, with 2,477 shares gaining and 1,496 shares declining. Investors are closely watching the upcoming Q4 earnings reports. Notable performers included Dixon Technologies (up 5.22%) and Voltas (up 2.41%). Additionally, Sai Silks (Kalamandir) saw a significant surge of 9.13% after reporting a 141.67% increase in consolidated profit for Q4 FY26 compared to the previous year.
Advertisement
In-Article Ad
The rise in the stock market indicates improved investor confidence, which could lead to increased investment and spending in the consumer durables sector, potentially benefiting manufacturers and retailers.
Advertisement
In-Article Ad
Reader Poll
Do you think the stock market will continue to rise in the coming weeks?
Connecting to poll...
More about NSE
Read the original article
Visit the source for the complete story.