Stock market today: Nifty 50, Sensex jump almost 2% each on all-round buying; investors earn ₹6 lakh crore
JSW Steel, Tech Mahindra and TCS - ending in the red. Also Read: Sensex, Nifty surge over 1%: From gains in RIL, HDFC Bank to strong global cues, 4 key factors driving the rally The mid and smallcap indices also clocked healthy gains. The BSE Midcap index rose 1.68 per cent and the Smallcap index ended 1.03 per cent higher.
The overall market capitalisation of the firms listed on the BSE rose to nearly ₹377.2 lakh crore from nearly ₹371.1 lakh crore in the previous session, making investors richer by about ₹6.1 lakh crore in a single session. (Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) As many as 40 stocks ended higher in the Nifty 50 index.
Shares of ONGC (up 8.89 per cent), Reliance Industries (up 6.80 per cent) and Coal India (up 6.20 per cent) ended as the top gainers in the Nifty 50 index. Shares of Cipla (down 2.05 per cent), ITC (down 1.53 per cent) and Infosys (down 1.08 per cent) ended as the top laggards in the Nifty 50 index. Most sectoral indices ended with strong gains.
The Nifty Oil & Gas index jumped 5.18 per cent followed by the PSU Bank index which rose 2.43 per cent. The Nifty Bank index rose 1.28 per cent and the Auto index jumped 1.68 per cent. Only the Nifty FMCG index (down 0.14 per cent) ended in the red while the Media index ended flat.
"The domestic market underwent an upturn as the recent selloff and positive Asian peers provided an opportunity to accumulate quality stocks. Despite premium valuations, confidence is upheld among investors due to the optimistic environment surrounding the interim budget and the recent set of results aligning with forecasts. Globally, the upcoming Fed policy stands out as a
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