The Sensex, a key benchmark index of the Bombay Stock Exchange (BSE), witnessed a considerable rise, climbing by 594.91 points to conclude at a closing worth of 64,958.69. Simultaneously, the Nifty, which is the NSE’s benchmark index, rallied impressively, marking a acquire of 181.15 points and reaching a closing determine of 19,411.75.
In Monday’s buying and selling session, the benchmark inventory market indices skilled sturdy positive aspects pushed by favorable international influences and optimistic Q2 monetary outcomes.
The S&P BSE Sensex concluded the day with a notable improve of 594.91 points, reaching a closing determine of 64,958.69. Similarly, the NSE Nifty 50 settled 181.15 points greater at 19,411.75. This vital uptick in the broader market indices displays an optimistic environment on Dalal Street.
Several sectoral indices closed the day on a optimistic notice, with substantial positive aspects noticed in Nifty Pharma, Nifty Metal, and Nifty Realty shares.
Among the highest performers on the Nifty 50 had been Divi’s Laboratories, Eicher Motors, Hero MotoCorp, Axis Bank, and L&T. Conversely, the highest losers included SBI, HUL, Cipla, Tata Motors, and Titan.
Despite reporting a larger-than-expected drop in internet revenue, Divi’s Laboratories noticed its shares surge by over 5%. The firm disclosed a 29.4% decline in consolidated internet revenue, amounting to Rs 348 crore.
Aditya Gaggar, Director of Progressive Shares, defined, “Global positive factors supported the Indian equities to start the day on a strong note but due to a lack of follow-through, the Index oscillated in a thin range.”
He additional famous, “By breaching its stiff hurdle of 19,200-19,250, Nifty50 has made a strong bullish candle on the daily chart and is now heading towards its next resistance zone of 19,450-19,500 while the zone of 19,270-19,310 will be considered as a strong support area.”
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