Sensex Rises 444 Points, Nifty Reclaims 24,000 on Strong Buying
Indian stock markets closed higher as the Sensex gained 444 points and the Nifty reclaimed the 24,000 mark, supported by strong buying in FMCG, banking, financial, and auto stocks.
Prasanth Subramani
Indian equity markets ended the trading session on a strong note, with benchmark indices posting solid gains as investors returned to buying across key sectors.
The BSE Sensex climbed 443.97 points, or 0.58%, to close at 76,922.64, while the NSE Nifty 50 advanced 140.10 points, or 0.59%, to settle at 24,005.85, reclaiming the crucial 24,000 mark after recent volatility.
The rally was primarily driven by robust buying in FMCG, banking, financial services, and automobile stocks. Positive global market sentiment, coupled with easing crude oil prices, further boosted investor confidence and supported the market's upward momentum.
Among the top performers of the day were Eternal, Hindustan Unilever, Adani Enterprises, Nestlé India, Asian Paints, and Mahindra & Mahindra, all of which recorded healthy gains and contributed significantly to the benchmark indices.
Despite the overall positive market sentiment, information technology (IT), metal, and pharmaceutical stocks remained under pressure, limiting broader gains across the market.
Market participants remained optimistic as the benchmarks recovered from recent losses, reflecting renewed confidence supported by improving global cues and stable macroeconomic conditions.
Analysts believe the market is likely to remain cautiously positive in the near term, with investors closely monitoring global developments, crude oil prices, foreign investment flows, and upcoming economic data for further direction.
