Stock market today: Sensex, Nifty 50 end higher; midcaps, smallcaps surge; investors earn about ₹8 lakh crore in a day
BSE Midcap and Smallcap indices concluded with robust upticks of up to 3 per cent, underscoring a widespread positive sentiment across the market. The Indian stock market resumed its upward march despite mixed global cues. Experts believe that institutional investors strategically accumulated quality stocks following a recent correction, underscoring their confidence in the domestic market's resilience.
The prospect of robust economic growth renders the Indian stock market an appealing destination for investment. Also Read: Indian stock market remains attractive, say experts, suggest stocks to buy for long term Nifty 50 opened the day at 21,982.55 against the previous close of 21,997.70 and touched its intraday high and low of 22,204.60 and 21,917.50 respectively, during the session. The index finally concluded at 22,146.65 with a gain of 149 points, or 0.68 per cent.
On the other hand, the Sensex opened at 72,570.10 against the previous close of 72,761.89 and touched its intraday high and low of 73,364.30 and 72,497.19 respectively. The 30-share pack closed the day at 73,097.28, up 335 points, or 0.46 per cent. Mid and smallcaps strongly outperformed the benchmarks.
The BSE Midcap index ended 2.28 per cent higher while the Smallcap index jumped 3.11 per cent. The advance-decline ratio also improved as out of the total 3,958 stocks that traded on the BSE today, 2,729 stocks ended higher while 1,146 stocks fell. Some 83 stocks remained unchanged.
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