Mumbai, May 6: The Indian stock market closed on a positive note on Wednesday, buoyed by hopes of a peace agreement between the United States and Iran. This optimism led to a significant uptick in global markets. After a day of fluctuations, both major benchmarks, the Sensex and Nifty, ended with gains of over 1 percent.
At the close, the BSE Sensex rose by 940.73 points, or 1.22 percent, reaching 77,958.52. Meanwhile, the NSE Nifty50 gained 298.15 points, or 1.24 percent, closing at 24,330.95.
During the trading day, the Sensex opened at 77,424.36 and hit an intraday high of 78,022.78. The Nifty opened at 24,171 and reached a peak of 24,356.50.
This market rally followed a report indicating that the US and Iran are nearing an agreement to resolve their Middle Eastern conflict, which has led to a significant drop in oil prices.
Broader markets supported this upward trend, with the Nifty Smallcap 100 and Nifty Midcap 100 indices rising by 1.93 percent and 1.76 percent, respectively. All sectoral indices, except for Nifty FMCG, traded in the green. Notable gains were seen in the Nifty PSU Bank, Nifty Financial Services, Nifty Realty, Nifty Auto, Nifty Private Bank, and Nifty Pharma indices, all recording increases of over 2 percent. The Nifty Media, Nifty Metal, and Nifty Healthcare indices also saw gains of more than 1 percent.
In the Nifty 50 pack, stocks such as Indigo, TMPV, Shriram Finance, Trent, Asian Paints, SBI, Bajaj Auto, Axis Bank, Adani Enterprises, and HDFC Bank recorded increases ranging from 3 to nearly 7 percent, making them the top gainers. Conversely, ONGC, Reliance, Powergrid, NTPC, L&T, Hindalco, Coal India, and HCL Tech experienced the most significant declines.
During Wednesday’s trading session, investors gained approximately ₹6 lakh crore, as the total market capitalization of BSE-listed companies rose from ₹467 lakh crore to ₹473 lakh crore.
Today, the Sensex opened 406.57 points or 0.53 percent higher at 77,424.36, while the Nifty 50 opened 138.20 points or 0.58 percent up at 24,171.00. The Bank Nifty also saw an increase of 566.35 points or 1.04 percent, opening at 55,113.40.
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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