At close, Sensex was up 1,005.84 points or 1.27% at 80,218.37 while Nifty was up 289.15 points or 1.20% at 24,328.50.
The combined market capitalisation of the top 10 most-valued companies surged by Rs 3.84 lakh crore last week, driven by a bullish trend in equities. HDFC Bank and Bharti Airtel emerged as the top performers.
Through fostering innovation, empowering MSMEs and strengthening industrial ecosystem, the country can solidify its position as a reliable, high-quality global manufacturing hub, according to the report on the sector.
BSE Midcap and smallcap indices rose 3% each. India VIX, the measure of volatility in the market, ended the session 19% lower.
Reliance expanded Campa Cola, one of India’s old soft drink brands from the 1970s and ’80s, after acquiring the brand in 2022. The campaign, featuring actor Ram Charan, aims to make the brand popular among millennials and Gen Z.
Coming as a positive signal for the rural two-wheeler (2W) market, a recent report said there has been a recovery in the two-wheeler segment in the first half (H1) of 2024.
The Indian equity market experienced one of the best weeks of 2024, with the Nifty and Sensex reaching all-time highs of 24,592.20 and 80,893.51, respectively, before closing at 24,502.15 and 80,519.34.
The availability of onion in the domestic market is comfortable, notwithstanding the marginally lower production of onion in the rabi-2024 season compared to last year's production, the Ministry of Food said.
The National Stock Exchange (NSE) issued an advisory on Wednesday cautioning investors of certain individuals and Telegram channels offering securities market tips and assured returns on stock market investments.
The Reserve Bank of India (RBI) has cancelled the licence of Banaras Merchantile Co-operative Bank Limited, Varanasi.
