Sensex ends 391 pts higher at record 80,352; Nifty50 settles above 24,400 for first time
Share Market News July 9, Closing Bell: Domestic equity benchmarks Sensex and Nifty50 scaled record closing highs on Tuesday amid a broad-based rally led by strong buying interest in auto, FMCG and financial stocks.
Share Market News July 9, Closing Bell: Domestic equity benchmarks Sensex and Nifty50 scaled record closing highs on Tuesday amid a broad-based rally led by strong buying interest in auto, FMCG and financial stocks. Both headline indices finished the day about half a per cent stronger, with the Sensex rising 391.3 points to end at 80,351.6 and the broader, 50-scrip gauge settling at 24,433.2, up 112.7 points for the day. Analysts awaited the onset of a new quarterly earnings season on Dalal Street due this week with Tata Consultancy Services (TCS) scheduled to report its financial results for the April-June period on Thursday.
Sensex & Nifty clock lifetime highs in intraday trade
During the session, the Sensex jumped as much as 436.8 points to register and all-time high of 80,397.2 while the Nifty50 gained 112.7 points to an unprecedented 24,443.6.
Maruti Suzuki top blue-chip gainer
Maruti Suzuki India, Divi's Labs, Mahindra & Mahindra, Titan, Hindalco, Cipla and ITC - closing between 1.8 per cent and 6.5 per cent higher - rose the most among the 32 gainers in the Nifty50 basket.
Reliance top Sensex & Nifty loser
Reliance, Tata Consumer Products, Bajaj Finance, ONGC, Kotak Mahindra Bank, LTIMindtree and Infosys - falling between 0.3 per cent and 0.8 per cent - were the top Nifty losers.
Maruti Suzuki top boost for Sensex & Nifty
Maruti Suzuki India shares were the biggest contributor to the spike in both headline indices.
On NSE, most sectoral gauges in the green
Barring declines of 0.2 per cent each in Nifty IT and Nifty Oil & Gas, all sectoral gauges finished the session higher.
Auto stocks shine led by Maruti Suzuki India
The Nifty Auto index - whose 16 constituents include Maruti Suzuki India, Tata Motors, M&M, Hero MotoCorp, Bajaj Auto and TVS Motor Company - finished the day 2.2 per cent stronger, its biggest single-day surge since June 5.
Broad-based gains on Dalal Street
Among other sectoral gauges, Nifty Consumer Durables (up 1.7 per cent), Nifty Pharma (up 1.6 per cent), Nifty PSU Bank (1.3 per cent, Nifty Realty (up 1.1 per cent) and Nifty Healthcare (up 1.1 per cent) rose more than one per cent each.
Investors richer by Rs 1.56 lakh crore in a day
Investors' wealth increased by Rs 1.56 lakh crore as the market value of BSE-listed companies stood at Rs 451.3 lakh crore at the end of the day as against Rs 449.7 lakh crore on Monday, according to provisional exchange data.
Midcap & smallcap indices rise
Broader indices participated in the rally, as reflected in a rise of 0.3 per cent each in the Nifty Midcap 100 and Nifty Smallcap 100 gauges at the end of the day.
Market breadth neutral
Overall market breadth remained neutral with a positive bias throughout the session, with an advance-decline ratio of 1:1 recorded at the end of the day as 2,011 stocks rose while 1,922 fell on BSE.
BBTC, Blue Star, Jubilant Ingrevia rise most among 280-odd gainers in BSE 500 universe
While BBTC, Blue Star, Jubilant Ingrevia, Gland Pharma and KRBL were the top gainers in the BSE 500 universe, rising between 7.3 per cent and 18.2 per cent for the day, stocks such as BEML, IRCON International, RITES, Raymond and Chambal Fertilisers were the top laggards, declining around 4-5 per cent.