Market Performance
The stock market kicked off on a high note, with the Sensex crossing the 80,000 mark for the first time, showing a remarkable surge. This upward trend came as the Bombay Stock Exchange’s 30-share index jumped by 600 points right after the market opened. Similarly, the National Stock Exchange’s Nifty-50 saw a strong start, crossing the 24,300 level. The rally was seen across various sectors, particularly in large-cap and mid-cap stocks.
Main News: Sensex and Nifty Soar
The BSE Sensex opened at 80,142.09, marking an increase of over 500 points from its previous close of 79,595. Shortly after opening, it soared further to 80,254.55. Meanwhile, the NSE Nifty started at 24,357, up from its previous close of 24,167.25, indicating strong bullish momentum in the market.
- Global Signals: Positive global signals contributed to the market’s strength, with most stocks starting in the green zone.
- Stock Movement: A total of 1694 companies began trading in the green zone, while 459 companies faced declines in the red zone.
Key Stocks on the Rise
Several large-cap companies saw significant growth as the market opened:
- HCL Tech led the charge with a 6.21% rise, trading at Rs 1572.
- Tech Mahindra surged by 4%, followed by Infosys at 3.50%, and TCS which rose by 2%.
- Other notable stocks, including M&M, Tata Motors, Nestle India, LT, Asian Paints, and Maruti, showed gains of over 1%.
Midcap and Smallcap Stocks Rally
The rally wasn’t limited to large-cap stocks alone. Midcap and smallcap stocks also saw impressive growth:
- AUBank gained 5.16%, and KPI Tech rose by 3.50%.
- Among smallcap stocks, VSSL made a huge leap with a 20% gain, followed by Rajratan (16.54%), VimtaLabs (6%), and NACL India (5%).
Summary of the Article: Stock Market Surge
The Indian stock market saw a significant surge as both the Sensex and Nifty started the day with strong gains, crossing key psychological levels. This surge was supported by robust performance in large-cap stocks, such as HCL Tech and Infosys, as well as impressive gains in midcap and smallcap stocks. The overall positive market sentiment was fueled by favorable global signals, reflecting strong investor confidence.
This rally is indicative of a broader positive trend in the market, with most stocks showing upward movement at the start of the trading session.
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