Nifty 50 Rises 110 Points, Sensex Gains 330 Points as IT Stocks Lift Market Sentiment
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As of 2:00 PM, the Nifty 50 was trading 110.15 points, or 0.46 per cent, higher at 24,285.85. The Sensex also advanced 329.68 points, or 0.43 per cent, to 77,831.80.
✨ Key Takeaways
The Indian equity benchmark indices traded higher in the afternoon session on the back of strong buying in information technology stocks, while positive cues from Asian markets also supported investor sentiment.
As of 2:00 PM, the Nifty 50 was trading 110.15 points, or 0.46 per cent, higher at 24,285.85. The Sensex also advanced 329.68 points, or 0.43 per cent, to 77,831.80.
In the broader market, performance remained mixed. The Nifty MidCap index slipped 0.16 per cent, while the Nifty SmallCap index edged up 0.25 per cent, indicating selective buying beyond the frontline stocks.
Among sectoral indices, the Nifty Metal and Nifty IT indices emerged as the top performers, supported by strong gains in metal and technology stocks. On the other hand, the Nifty Bank and Nifty PSU Bank indices lagged the broader market, making them the weakest-performing sectors during the session.
Overall, domestic equities remained in positive territory, aided by gains in IT stocks and supportive trends across Asian markets.
Disclaimer: The article is for informational purposes only and not investment advice.