Sensex Jumps Over 800 Points; Nifty IT Hits 8-Month High After Rallying 2.45%
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Market breadth within the Nifty 50 remained strong, with 43 stocks trading in the green and only seven in the red. ICICI Bank, Reliance Industries and Infosys were among the key contributors to the index's gains.
✨ Key Takeaways
Indian equity benchmark indices were trading in the green, with the Nifty 50 gaining nearly 1 per cent, or 224 points, to trade near the day's high of 23,113. Meanwhile, the Sensex surged over 800 points, or 1.11 per cent, to 74,671. The Bank Nifty also advanced 348 points to trade above the 55,834 mark.
Market breadth within the Nifty 50 remained strong, with 43 stocks trading in the green and only seven in the red. ICICI Bank, Reliance Industries and Infosys were among the key contributors to the index's gains.
On the sectoral front, barring the Nifty Media index, all other sectoral indices were trading in the green, led by Nifty IT and Nifty PSU Bank. The Nifty IT index gained 2.45 per cent, with all its constituents trading higher. The index also climbed to an eight-month high.
However, the broader market underperformed the benchmark indices, with the Nifty Smallcap 100 declining 0.45 per cent, while the Nifty Midcap 100 slipped 0.14 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.