The Indian stock market ended on a positive note today, with major indices closing higher. The Sensex showed significant gains, while BankNifty also closed in the green. The Nifty 50 index moved above key levels, led by a strong rally in the IT sector.
Market Highlights
- Sensex: The Sensex closed at 66,512.15, gaining 186.20 points (0.77%). This positive movement was driven by robust buying in IT and FMCG stocks.
- Nifty 50: The Nifty 50 ended the day at 24,502.15, up by 186.20 points (0.77%). The index saw a steady rise throughout the trading session.
- Nifty Bank: The Nifty Bank closed at 52,278.90, a slight increase of 8.25 points (0.02%). Banking stocks remained relatively flat but managed to close in the green.
- Fin Nifty: Fin Nifty closed at 23,604.40, up by 4.95 points (0.02%). Financial stocks showed minimal movement but contributed to the overall positive sentiment.
- India VIX: The volatility index, India VIX, decreased by 0.27 points (-1.93%) to close at 13.73. This indicates a reduction in market volatility.
Sectoral Performance
- IT Sector: The IT sector led the rally, with the Nifty IT index closing at 39,023.00, up by a significant 1,690.40 points (4.53%). Major IT stocks like TCS, Infosys, and Wipro saw substantial gains, driven by positive quarterly results and strong earnings outlook.
- Nifty Midcap: The Nifty Midcap index closed at 12,459.60, rising by 35.45 points (0.29%). Midcap stocks showed resilience, contributing to the broader market gains.
- Nifty Small Cap 50: The Nifty Small Cap 50 ended at 8,774.85, gaining 39.10 points (0.45%). Small-cap stocks performed well, indicating investor confidence in smaller companies.
- Nifty FMCG: The Nifty FMCG index rose by 209.05 points (0.35%) to close at 59,725.75. FMCG stocks were among the top gainers, supported by strong demand and positive earnings reports.
- Nifty Pharma: The Nifty Pharma index closed at 20,612.65, up by 10.95 points (0.05%). Pharma stocks showed modest gains, with investors remaining cautious.
Mixed Performance in Other Indices
- Nifty Next 50: The Nifty Next 50 saw a decline, closing at 73,732.10, down by 327.10 points (-0.44%). Some profit booking was observed in this segment.
- Nifty Mid Cap 50: The Nifty Mid Cap 50 closed slightly lower at 15,954.90, down by 11.25 points (-0.07%).
- NIFTY 100: The NIFTY 100 index ended at 25,577.30, gaining 143.55 points (0.56%).
- NIFTY 500: The NIFTY 500 index closed at 23,095.45, up by 90.20 points (0.39%).
- NIFTY Midcap 100: The NIFTY Midcap 100 ended at 57,173.80, gaining 25.55 points (0.04%).
- NIFTY Smallcap 100: The NIFTY Smallcap 100 closed at 18,949.05, up by 29.40 points (0.16%).
- NIFTY Auto: The NIFTY Auto index declined, closing at 25,145.45, down by 111.80 points (-0.44%). Auto stocks saw some selling pressure.
- NIFTY Private Bank: The NIFTY Private Bank index closed at 26,146.80, up by 17.55 points (0.07%).