Taking Stock: During today’s incredibly volatile trading session, the benchmark indices managed to completely reverse all losses from the previous session. The Nifty soared to reach an unprecedented all-time high of 22,252.50, driven by widespread buying across various sectors.
Amidst mixed global signals, the market kicked off on a flat note. However, profit booking from the prior session weighed on sentiment, causing the Nifty to dip below 21,900 intraday. Nonetheless, a surge in buying during the final couple of hours propelled the index to close near its peak for the day.
At the market close, the Sensex recorded a gain of 535.15 points, equivalent to 0.74 percent, reaching 73,158.24. Similarly, the Nifty saw an increase of 162.50 points or 0.74 percent, closing at 22,217.50. – Taking Stock
The Sensex is currently only 225.87 points shy of its all-time high level of 73,427.59, which was reached on January 16th.
Top gainers on the Nifty included Bajaj Auto, HCL Technologies, Eicher Motors, ITC, and Coal India, while the losers comprised IndusInd Bank, HDFC Bank, BPCL, Kotak Mahindra Bank, and Hero MotoCorp.
In terms of sectors, Auto, Capital Goods, Metal, Power, Information Technologies, and Telecom all saw gains of 1 percent each. However, the banking index closed slightly lower.
The BSE Midcap index surged by 1 percent, while the Smallcap index saw an increase of 0.5 percent.
