Nifty ends above 24,100 for first time, Sensex soars to record 79,476; investors richer by Rs 3.8 lakh crore

Share Market News: Financial and IT stocks helped domestic equity benchmarks scale fresh record closing highs on Monday, the first trading session of July.Both headline indices rose 0.6 per cent in a broad-based rally that saw strong participation by the midcap and smallcap segments. The Sensex added 443.5 points to end at 79,476.2 while the Nifty50 settled at 24,142, up 131.4 points for the day - their highest closing levels ever. 

Here 10 key things to know about the July 1 session on Dalal Street: 

• Investors grew richer by Rs 3.81 lakh crore as the market capitalisation of BSE-listed companies increased to Rs 443.05 lakh crore at the end of Monday's session from Rs 439.25 lakh crore on Friday, according to provisional exchange data. 
• Tech Mahindra (TECHM), Wipro, Bajaj Finance (BAJFINANCE), Grasim Industries, UltraTech Cement (ULTRACEMCO), Tata Consultancy Services (TCS), JSW Steel (JSWSTEEL), HUL (HINDUNILVR), Infosys (INFY) and HDFC Bank (HDFCBANK) - closing between 1.4 per cent and 3.0 per cent higher - rose the most among the 31 gainers in the Nifty50 pack. 
• On the other hand, NTPC, Eicher Motors (EICHERMOT), Apollo Hospitals (APOLLOHOSP), SBI, Dr Reddy's Labs (DRREDDY) - declining between 0.7 per cent and 2.1 per cent for the day - were the top losers. 
• HDFC Bank, ICICI Bank, Infosys and TCS were the biggest contributors to the gains in both main gauges. 
• The Nifty Bank - whose 12 constituents include SBI, HDFC Bank, ICICI Bank, Bank of Baroda and Punjab National Bank (PNB) - rose 232.5 points, or 0.4 per cent, to settle at 52,574.8, within 606 points of a lifetime high last week.  
• Gains in TCS, Infosys, Tech Mahindra and Persistent Systems contributed the most to a 2.0 per cent surge in the Nifty IT index - its second biggest jump in nearly a month.  
• Maruti Suzuki India and other major auto stocks remained in focus as auto manufacturers started to report their monthly sales data. Maruti Suzuki shares rose 0.6 per cent after the country's largest carmaker registered a three per cent rise in domestic utility vehicle sales.
• Broader indices outperformed the benchmark indices, with the Nifty Midcap 100 and the Nifty Smallcap 100 rising 1.0 per cent and 1.5 per cent respectively.  
• Godrej Agrovet (GODREJAGRO), Mahanagar Gas (MGL), Chalet Hotels, Home First Finance and PolicyBazaar - rising between 8.7 per cent and 11.1 per cent - were the top gainers in the BSE 500 universe, the broadest index on the bourse. On the other hand, Motilal Oswal Financial Services, India Cements and Prestige Estates Projects - down 3.7 per cent, 3.5 per cent and 3.0 per cent respectively - were the worst hit among the 170-odd losers in the basket.
• Overall market breadth remained extremely positive throughout the session, with a day-end advance-decline ratio of 2:1 as 2,656 stocks ended higher while 1,346 finished weaker on BSE.   

Catch highlights of the July 1 session on Dalal Street here. For all other news related to business, market, tech and auto, visit Zeebiz.com.