November 22, 2024
New Delhi, India
Stock Market Live
The domestic markets staged a strong recovery on Friday, with the BSE Sensex jumping 1,961 points (2.54%) to close at 79,117 and the Nifty50 climbing 557 points (2.39%) to end at 23,907, bouncing back from five-month lows.
Key Gainers and Sectoral Performance
- Top Gainers: SBI, TCS, ITC, UltraTech Cement, and Titan saw robust gains, with SBI and TCS rising by 4% each.
- Only Loser: Bajaj Auto closed in the red.
- Sectoral Gains:
- IT and Realty surged over 3%.
- PSU Bank, FMCG, Energy, and Realty indices rose by 2-3%.
- Broader markets underperformed slightly, with the BSE Midcap Index up 1.3% and the Smallcap Index gaining nearly 1%.
Market Sentiment
Positive global cues, optimism ahead of Maharashtra and Jharkhand election results, and strength in the US labor market boosted investor confidence. The advance-decline ratio stood at 5:2, indicating broad-based buying.
Broader Market Gains
- BSE Midcap Index advanced 632 points to close at 55,017.
- Investors added ₹7 lakh crore to the market capitalization of BSE-listed companies amid the rally.
Looking Ahead
The sharp rebound highlights renewed investor optimism, with focus shifting to upcoming election results and global market trends.
Latest Q2 Results
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
