Following losses in the last session, India’s benchmark stock indexes bounced back sharply on Monday. Trading above 80,200, the BSE Sensex jumped over 1,000 points—approximately 1%. By 12:20 p.m., the Nifty50 had gained about 300 points, driving its value above 24,300.
Market capitalization skyrocked
Reaching Rs 424.46 lakh crore, the market capitalisation of all BSE listed firms climbed by an amazing Rs 2.9 lakh crore. All key indices were firmly in the green; the larger market also showed positive development.
Top Decliners and Rise Candidates
Among the best results in the Sensex group, Reliance Industries, MandM, SBI, and ICICI Bank experienced 1-2% rises. Conversely, firms including HCL Tech, Nestle India, Maruti Suzuki, Asian Paints, and UltraTech Cement saw falls.
Reliance’s robust profits propel market growth.
Following better-than-expected fourth-quarter results, Reliance Industries showed up as the largest gainer. Strong growth in the company’s digital and retail service sectors was credited with its good performance.
Performance by Sector: Robust Gains Across Almost All Indices
Apart from Nifty IT, every other sectoral indices registered increases. Particularly, indices for Nifty PSU Bank, Consumer Durables, Oil and Gas, and Private Banks all increased by more than 1%.
