December 3, 2024
New Delhi, India
Stock Market Today
Markets extended their winning streak for the third straight session on Tuesday, with both the Sensex and Nifty closing in the green. The BSE Sensex surged by 597.67 points (0.74%) to end at 80,845.75, while the NSE Nifty50 advanced 181.10 points (0.75%) to settle at 24,457.15.
Key Movers and Sector Performance
- Top Gainers: Adani Ports (+5.86%), NTPC (+2.65%), Adani Enterprises (+2.20%), Axis Bank, and State Bank of India led the rally.
- Top Losers: Bharti Airtel (-1.50%), ITC (-0.97%), Hero MotoCorp, HDFC Life, and Sun Pharma weighed on the indices.
- Sectoral Trends: PSU Bank and Media indices soared over 2%, while Bank Nifty, OMCs, and Metals gained 1% each. However, FMCG and Pharma sectors ended in the red.
Broader Market Highlights
Midcap and small-cap indices also posted robust gains, with the Nifty Midcap100 rising 0.89% and the Nifty Smallcap100 advancing 0.84%.
Market Drivers
- Positive cues from Asian markets, with gains in Seoul, Tokyo, Shanghai, and Hong Kong, supported sentiment.
- Expectations of a U.S. Federal Reserve rate cut further boosted buying interest, particularly in financial and metal stocks.
The day closed on a bullish note, underpinned by strong investor confidence across broader market indices and sectoral leaders.
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