The benchmark equity indices ended Monday’s trading session in the positive territory. The NSE Nifty 50 jumped 314.65 points or 1.32% to settle at 24,221.90, while the BSE Sensex soared 992.74 points or 1.25% to 80,109.85.
The broader indices ended in positive territory, with gains led by Small-cap and Midcap stocks. Banks and Realty stocks surged over 2% among the other sectoral indices while Metal, IT and Auto stocks gained nearly 1%.
Sectoral Index
Bank Nifty index ended higher by 1072.10 points or 2.10% to settle at 52,207.50. The Nifty Midcap 100 zooms by 883.70 points, or 1.61%, ending the day’s trading at 55,900.55. In the broader markets, small-cap and mid-cap stocks finished in the green.
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Top Movers for the day
Oil and Natural Gas Corporation, Bharat Electronics, Larsen and Toubro, Bharat Petroleum Corporation, and Shriram Finance were the top gainers on the NSE Nifty 50, while the laggards includes JSW Steel, Tech Mahindra, Infosys, Maruti Suzuki India, and Bajaj Auto.
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The Indian Volatility Index (India VIX) closed down by 4.93 % at 15.30.
Experts on Today’s Market Performance
“Major state election results lifted market sentiment and increased the scope of stability in government spending in H2FY25 to meet the capex target. The rally was broad-based, while capex-linked sectors like infra, capital goods, and industrials outperformed in expectation of a surge in new order inflows,” said Vinod Nair, Head of Research at Geojit Financial Services
Nair also said that the prospects of H2 remain positive due to a good monsoon, festival, and marriage season, which could ease the impact of earnings downgrades that happened in Q2.
Commenting on the same Prashanth Tapse,
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