November 25, 2024
New Delhi, India
Stock Market Live
The Sensex surged 993 points to close at 80,110, while the Nifty50 climbed 315 points to settle at 24,222, marking a strong session for Indian markets. The rally came on the back of positive investor sentiment driven by the BJP-led alliance’s decisive victory in the Maharashtra Assembly elections and global market strength.
Key Market Movers
- Top Gainers: ONGC, BEL, BPCL, Shriram Finance, and L&T, with gains of up to 5.48%.
- Top Losers: JSW Steel, Infosys, HCL Tech, Tech Mahindra, and Sun Pharma, with losses of up to 2.32%.
Sectoral Performance
- PSU Bank Index: Outperformed, rising 4.16%.
- Realty, Oil & Gas, and Capital Goods: Gained 2%-4%.
- Nifty Financial Services, Media, and Consumer Durables: Up 1%-2%.
Broader Markets
- Midcap Index: Rose 884 points to close at 55,901.
- Smallcap Index: Up by 2.03%, reflecting widespread market optimism.
Noteworthy Developments
- Banking Sector: Nifty Bank Index surged 1,072 points to 52,208, led by heavyweights like HDFC Bank, ICICI Bank, and Reliance Industries.
- Adani Group: Mixed performance, with Adani Ports up 3% and Adani Energy down 3%.
- Realty Stocks: Mahindra Lifespace Developers climbed 4%, buoyed by industrial project announcements.
The markets ended the day firmly in the green, supported by political and global cues. Robust gains in PSU banks and financial stocks highlighted bullish sentiment, setting the tone for continued optimism in the near term.
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.
