Nifty Surpasses 24,000 Mark Amidst Global Market Gains
Nifty trades tad above 24,000 level; auto shares gear up
Business Standard
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The Nifty 50 index rose to 24,006.60, reflecting a 0.97% increase as global markets strengthened, despite ongoing concerns regarding the US-Iran ceasefire. The auto sector led the gains, with the Nifty Auto index climbing 2.23%. The S&P BSE Sensex also saw significant growth, rising 767.97 points to 77,399.62.
- 01Nifty 50 index trades at 24,006.60, up 0.97%.
- 02S&P BSE Sensex increases by 767.97 points to 77,399.62.
- 03Nifty Auto index rises by 2.23%, reversing previous losses.
- 04Market breadth is strong with 3,299 shares advancing.
- 05Ajmera Realty's sales value increased by 8% in Q4 FY26.
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In early afternoon trading, the Nifty 50 index climbed to 24,006.60, marking a 0.97% increase, while the S&P BSE Sensex surged by 767.97 points to reach 77,399.62. This upward trend is attributed to positive movements in global markets, despite lingering concerns over the fragile US-Iran ceasefire. The broader market also performed well, with the BSE 150 MidCap Index rising by 1.28% and the BSE 250 SmallCap Index soaring 1.52%. The Nifty Auto index led the sectoral gains, increasing by 2.23% after a decline in the previous session. Notable auto stocks included Sona BLW Precision Forgings (up 5.5%), Exide Industries (up 3.52%), and Ashok Leyland (up 3.33%). The market breadth was strong, with 3,299 shares advancing against 817 shares that fell. Additionally, Ajmera Realty & Infra India reported an 8% increase in sales value for Q4 FY26, boosting its stock by 3.23%.
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The rise in the Nifty and Sensex indicates a positive sentiment in the stock market, which may encourage more investment and economic activity.
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