Broader markets also advanced with the BSE MidCap gaining 227.43 points or 0.70 percent and BSE SmallCap by 452.11 points or 1.18 percent.
The market's performance reflects positive sentiment and growing investor confidence. Investors and market experts attribute this upward trend to several factors.
Stock markets: The 30-share BSE Sensex jumped 181.6 points to 65,124 in early trade. The Nifty climbed 49 points to 19,455.70 points.
These fluctuations highlight the ongoing dynamics in India's financial landscape, with investors keenly observing these movements and their potential implications for the market.
The rupee depreciated 5 paise to 83.26 against the US dollar in the morning session on Tuesday, tracking a strong American currency overseas and sustained foreign fund outflows.
The 30-share BSE Sensex jumped 471.45 points to 64,835.23 in early trade. The Nifty climbed 126.75 points to 19,357.35 points.
The 30-share BSE Sensex jumped 414.06 points to 64,494.96 in early trade. The Nifty climbed 125.5 points to 19,258.75.
The 30-share BSE Sensex jumped 593.8 points to 64,185.13 in early trade. The Nifty climbed 179.3 points to 19,168.45.
The 30-share BSE Sensex declined 193.99 points to 63,680.94. The Nifty slipped 47 points to 19,032.60.
The 30-share BSE Sensex climbed 339.67 points to 64,452.32 in early trade. The Nifty advanced 92.8 points to 19,233.70. Later, both the benchmark indices quoted flat in a volatile trade.
The 30-share BSE Sensex declined 179.06 points to 63,603.74 in early trade. The Nifty dipped 49.25 points to 18,998.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,236.60 crore on Wednesday, according to exchange data.
the Nifty 50 index experienced a challenging day, trading at 19,566 points, a 0.59% decrease.
The Bank Nifty index commenced the day at 44,404.20, down slightly by 4.5 points from its previous close. Several sectoral indices showed a mixed trend at the start of trading.
The 30-share BSE Sensex declined 115. 81 points to settle at 66,166. 93. During the day, it fell 243.36 points to 66,039.38. The Nifty slipped 19.30 points to 19,731.75.
The market seemed to reflect a cautious yet balanced approach from investors on the first trading day of the week.
Closing market bell: BSE Midcap declined by 17.11 points or 0.05 pc to 32,305.62 and SmallCap by 13.67 points or 0.04 pc to 38,184.83 in broader market. Key Asian indices declined following losses in the US markets due to a rebound in bond market yields.
Financial services firm CLSA has released its top stock picks following the upgrade, expressing high confidence in companies such as Reliance Industries, HDFC Bank, ICICI Bank, Bharti Airtel, SBI, Bajaj Finance, L&T, Axis Bank, ONGC, and Tata Motors.
Nifty Smallcap 250 led with a 0.82% gain, followed by Nifty Microcap 250, surging 1.06%. Notable performances included Nifty Smallcap 100 (0.79%), Nifty Midsmallcap 400 (0.74%), Nifty Midcap 100 (0.71%), and Nifty Smallcap 50 (0.65%).
Vodafone Idea Ltd, Infibeam Avenues Ltd, YES Bank Ltd, Punjab National Bank, Indian Overseas Bank, Ujjivan Small Finance Bank Ltd, Bank of Maharashtra, and Rail Vikas Nigam Ltd were among the top companies that lost points in early trade.
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