Indian Stock Market Today: Sensex Jumps 828 Points, Nifty Crosses 24,200 as Gold Prices Rise
Indian stock markets ended the week on a strong note with Sensex soaring 828.31 points and Nifty closing above 24,200. Gold prices increased while the rupee traded around ₹95.32 against the US dollar.
Prasanth Subramani
Indian financial markets ended the week on a strong note as benchmark indices recorded impressive gains, driven by robust buying in information technology (IT), banking, and metal stocks. Positive global market sentiment and better-than-expected corporate earnings further strengthened investor confidence, helping the markets close sharply higher.
The BSE Sensex surged 828.31 points, or 1.08%, to settle at 77,569.39, while the NSE Nifty 50 advanced 244.15 points, or 1.02%, to close at 24,206.90. Broad-based buying across key sectors supported the rally, with investors responding positively to strong quarterly earnings and favorable global cues.
Gold prices also moved higher across India. The price of 22-carat gold stood at ₹1,07,592 per 8 grams, while 24-carat gold was priced at ₹1,15,680 per 8 grams. The increase reflected renewed demand for the precious metal despite continued volatility in international bullion markets.
In the foreign exchange market, the Indian rupee traded at around ₹95.32 against the US dollar. The domestic currency was supported by steady foreign institutional investor (FII) inflows and a relatively weaker US dollar in global currency markets.
Overall, the trading session reflected renewed optimism in India's financial markets, with equities posting strong gains, the rupee strengthening modestly against the US dollar, and gold prices registering a slight increase as investors continued to monitor global economic developments and the ongoing corporate earnings season.
