December 5, 2024
New Delhi, India
Stock Market Today
Indian benchmark indices BSE Sensex and NSE Nifty extended their rally on Thursday, closing higher for the fifth straight session. The Sensex jumped 809.53 points (1%) to settle at 81,765.86, while the Nifty50 climbed 240.95 points (0.98%) to end at 24,708.40.
IT Stocks Lead the Market Rally
- The Nifty IT index surged 1.95%, hitting a 52-week high of 45,027.95 during the day.
- Gains were led by TCS, Infosys, and LTIMindtree, with sector-wide optimism boosting investor confidence.
Broader Market Performance
- Midcap 100 rose 0.57%.
- Smallcap 100 added 0.83%.
- Among sectoral indices, PSU Bank and Realty were the only laggards.
Top Gainers and Losers
Nifty50 Gainers:
- Trent: Up 3.31%.
- Titan Company: Up 3.10%.
- Dr. Reddy’s Labs: Up 2.98%.
Nifty50 Losers:
- SBI Life: Down 1.21%.
- HDFC Life: Down 1.07%.
- Bajaj Auto: Declined marginally.
RBI Policy Outlook
Investor focus remains on the Reserve Bank of India’s policy decision, expected on Friday, where the central bank is likely to maintain steady rates.
Highlights
- Nifty Midcap Index gained 329 points to close at 58,442.
- Nifty Bank Index rose 337 points, ending at 53,604.
- Companies like Zomato and Swiggy hit record highs, up 5%.
- IGL surged 6% following a bonus issue announcement.
With balanced market breadth and strong momentum in IT stocks, the indices maintained their upward trajectory, signaling robust investor sentiment.
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