Nifty Soars Past 24,800, Sensex Gains Over 600 Points in Bullish Trading Session
Indian markets closed strong with Nifty 50 at 24,883.55 (+1.02%) and Sensex at 81,273.75 (+0.84%). Engineering Services, Retail, and Insurance sectors led gains. Ashok Leyland hit a 52-week high, while Vodafone Idea reported a net loss. Market breadth was positive with 2,725 advancing stocks out of 4,550 traded.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed on a strong note on Monday, with both benchmark indices posting significant gains. The Nifty 50 surged past the 24,800 mark, while the BSE Sensex climbed over 600 points, reflecting a robust bullish sentiment among investors.
The Nifty 50 index closed at 24,883.55, registering a gain of 252.25 points or 1.02% from its previous close. Similarly, the BSE Sensex ended the day at 81,273.75, up by 676.09 points or 0.84%.
Sectoral Performance
Top Performing Sectors
- Engineering Services (Avg. Per Change: 3.78%)
- Retail (Avg. Per Change: 2.02%)
- Insurance (Avg. Per Change: 2.00%)
Top Losing Sectors
- Printing & Stationery (Avg. Per Change: -4.99%)
- Castings, Forgings & Fasteners (Avg. Per Change: -0.41%)
- Diamond, Gems and Jewellery (Avg. Per Change: -0.39%)
Buzzing Stocks
Several stocks made headlines during the trading session:
Ashok Leyland: The commercial vehicle manufacturer's shares surged by nearly 9%, hitting a new 52-week high of ₹132.80. The company reported record Q1 performance with highest-ever revenue and improved market share in medium and heavy commercial vehicles.
Vodafone Idea: The telecom operator reported a net loss of ₹6,608 crore for the June quarter. Despite this, the company's CEO called it a 'decisive turnaround quarter' with improvements in core business metrics and record data consumption.
Shilpa Medicare: The pharmaceutical company reported a 9% year-over-year growth in Q1 revenue, with significant improvements in EBITDA and gross margins.
Marksans Pharma: The company's UK subsidiary, Relonchem Limited, received approval for its products, marking a regulatory milestone for its international operations.
Patanjali Foods: The company received Authorized Economic Operator (AEO-T2) certification from the Directorate of International Customs, potentially benefiting its international trade operations.
Market Breadth
The overall market breadth was positive, indicating a broad-based rally:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,550 |
| Positive | 2,725 |
| Negative | 1,825 |
Conclusion
The Indian stock markets demonstrated strong performance, with both the Nifty 50 and BSE Sensex posting substantial gains. The positive market breadth, coupled with strong performances in sectors like Engineering Services, Retail, and Insurance, contributed to the bullish sentiment. However, some sectors like Printing & Stationery and Diamond, Gems and Jewellery faced selling pressure. Investors will be closely watching the market trends in the coming days to gauge the sustainability of this upward momentum.
17
