Indian equity benchmark closed on a positive note, on the back of election results which supported PSU stocks and brought optimism in the market.
At closing, Sensex was up 584 points or 0.72 per cent at 81,634 and Nifty was at 25,013, up 217 points or 0.88 per cent.
The market trend was positive in the session. On BSE, 3,020 shares closed in the green, 924 shares in the red and 101 shares closed without any change.
Due to sharp gain, the market cap of all companies listed on the Bombay Stock Exchange (BSE) increased by about Rs 7 lakh crore to Rs 459 lakh crore, which was earlier Rs 452 lakh crore.
In the Sensex pack, M&M, Reliance, HDFC Bank, L&T, SBI, NTPC, UltraTech Cement, IndusInd Bank, Kotak Mahindra Bank, Asian Paints, HCL Tech, Infosys and ICICI Bank were the top gainers. Tata Steel, Titan, Bajaj Finserv, JSW Steel, Bajaj Finance, Tata Motors, Wipro, HUL and ITC were the top losers.
Buying was also seen in the midcap and smallcap. The Nifty midcap 100 index was at 58,535, up 1,235 points or 2.16 per cent, and the Nifty smallcap 100 index was at 18,617, up 374 points or 2.05 per cent.
Rupak De, Senior Technical Analyst, LKP Securities said: "The Nifty formed a bullish pattern on the daily timeframe, indicating rising optimism. Additionally, the index has moved above a critical moving average on the hourly time frame. The RSI has made a bullish crossover in the shorter timeframe, further supporting the positive outlook."
"In the near term, the index may move towards the 25,350–25,400 range. On the downside, support is placed at 24,850, and a break below this level could lead to weakness," De added.
India's growth becoming more balanced as private consumption's share in GDP rises
The good news is that India’s growth is becoming more balanced as private consumption’s share in GDP rose in fiscal 2025, according to a Crisil report.
New SEBI chairman spells out 4-point mantra for capital markets regulator
The new SEBI Chairperson, Tuhin Kata Pandey, has a four-point mantra in mind -- trust, transparency, teamwork and technology -- for ensuring the continued efficiency of the capital markets regulator.
India's coal production sees 5.73 pc growth in April-Feb period to reach 928.95 MT
Cumulative coal production reached 928.95 million tonnes (MT) in the April-February period this fiscal (FY25), reflecting a 5.73 per cent increase compared to 878.55 MT in the same period last year, the government said on Saturday.
Eager to join Assam’s transformational journey: Gautam Adani
Assam is on a path to greatness amid several ongoing transformative projects and we are honoured to walk this path alongside you, Gautam Adani, Chairman of the Adani Group, said here on Tuesday.
Adani Group to invest Rs 50,000 crore in Assam to boost infra, create jobs
The Adani Group on Tuesday announced a massive Rs 50,000 crore investment in Assam, marking one of the highest-ever investment commitments by a business group to the state.
Indian stock market opens higher, Sensex above 74,600
Nifty Bank was up 33.70 points or 0.07 per cent at 48,685.65. Nifty Midcap 100 index was trading at 49,688.40 after declining 324.70 points or 0.65 per cent. Nifty Smallcap 100 index was at 15,382.20 after dropping 95.10 points or 0.61 per cent.
Adani Power gets Letter of Intent to acquire Vidarbha Industries Power
Adani Power Limited (APL) on Monday said it has received a Letter of Intent (LOI) to acquire Vidarbha Industries Power Limited.
Gautam Adani hails MP's investment readiness, transformative leadership of PM Modi, CM Yadav
Announcing a whopping Rs 1.10 lakh crore investment and creation of 1,20,000 lakh jobs by the end of the decade, India’s top businessman Gautam Adani lauded the transformative leadership of Prime Minister Narendra Modi and Chief Minister Dr Mohan Yadav,