AMN
Benchmark domestic equity indices today surged over one and a half percent, amid broad-based buying and positive global cues after the US paused planned tariffs on Canada and Mexico. The 30-share index at the Bombay Stock Exchange, Sensex, soared 1,397 points, or 1.81 percent, to close at 78,584. Similarly, the National Stock Exchange Nifty-50 rose 378 points, or 1.62 percent, to settle at 23,739. The broader market indices at BSE also ended with significant gains. The Mid-Cap index advanced over 1.3 percent, and the Small-Cap index gained 1.2 percent.
After scaling the day’s high of 78,658.59, the 30-share Sensex settled at 78,583.81, up 1,397.07 points or 1.81 per cent from its previous close. Similarly, the NSE Nifty50 ended at 23,739.25, up 387.20 points or 1.62 per cent. The index traded in the range of 23,762.75 to 23,423.15 on Tuesday.
Notably, index heavyweight Reliance Industries ended higher by 2.97 per cent at Rs 1,282.90.
39 constituent stocks of the Nifty50 ended higher, led by Shriram Finance, Larsen & Toubro, Bharat Electronics, Adani Ports, and IndusInd Bank, with gains of up to 5.65 per cent. On the other hand, Trent, ITC Hotels, Britannia, Hero MotoCorp, and Nestle India were among the top laggards of Nifty50 who incurred losses of up to 6.44 per cent.
Broader indices mirrored the benchmarks, with midcap shares leading the charge as the Nifty Midcap100 index ended higher by 1.56 per cent. The Nifty Smallcap100 index also ended in positive territory with gains of 1.09 per cent.
All the sectoral indices, barring the Nifty FMCG index, ended with gains. Banking shares stole the show among sectors, with Nifty PSU Bank, and Private Bank indices ending higher by over 2 per cent each. Further, the Bank Nifty index, which tracks the performance of 12 large capitalised Indian banking stocks, surged higher by 1.93 per cent at 50,157.95. Financial services, and Oil & marketing shares also joined the party, with Nifty Financial Services, and Nifty OMCs indices settling higher by over 2 per cent each. Meanwhile, Nifty Metal, Pharma, and Healthcare indices ended higher by over 1 per cent each. The Nifty FMCG index was the only sectoral index that ended in the red, with a loss of 0.25 per cent.