Market extends gains to fifth consecutive session; Nifty Bank touches record high
Sensex closed the day at 79,408.50, up 855 points, or 1.09%, while the Nifty 50 ended at 24,125.55, up 274 points, or 1.15%.
Sensex closed the day at 79,408.50, up 855 points, or 1.09%, while the Nifty 50 ended at 24,125.55, up 274 points, or 1.15%.
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.
At close, the Sensex was up 1,508.91 points or 1.96% at 78,553.20, and the Nifty was up 414.45 points or 1.77% at 23,851.65.
At close, the Sensex was up 309.40 points or 0.40% at 77,044.29, and the Nifty was up 108.65 points or 0.47% at 23,437.20.
BSE Midcap and smallcap indices rose 3% each. India VIX, the measure of volatility in the market, ended the session 19% lower.
As the market unfolded, the benchmark Sensex experienced a dip of 120.45 points, commencing at 65,555.48.
The Sensex ended the special one-hour session up 355 points at 65,259 points.
Market history tells us that sharp up moves in the market happen at unexpected times. It appears that this truism is turning out to be true
The BSE Sensex is down by more than 800 points to fall below the 64,000 points mark on Thursday.
Heavy selling in Sensex heavyweights with Infosys down 3 per cent, NTPC down 3 per cent, Bharti Airtel down 2 per cent.