Domestic Markets Surge with Modest Gains: A Triumph Amidst Economic Uncertainty
Benchmark domestic equity indices closed with modest gains for the second consecutive session today. The Bombay Stock Exchange’s 30-share index, Sensex, rose by 224 points, or nearly 0.3%, to finish at 76,724, while the National Stock Exchange’s Nifty-50 increased by 37 points, or 0.16%, closing at 23,213. Broader market indices at the BSE also ended in the green, with the Mid-Cap index adding 0.11% and the Small-Cap index climbing over 0.3%.
Within the Sensex index, 18 of the 30 constituents posted gains. Key performers included Zomato, which surged over 4.3%, NTPC with an increase of 3.3%, and PowerGrid, which advanced around 3%. On the other hand, Mahindra and Mahindra dropped over 2.9%, Bajaj Financial Services fell more than 2.2%, and Bajaj Finance decreased by 2.16%.
Sectorally, 16 out of 20 sectors in the BSE ended the session in positive territory. The Utilities sector led the gainers with a rise of over 2.4%, followed by Power, which increased more than 1.7%, and Realty, adding over 1.5%. Conversely, Healthcare suffered the most significant decline, losing 1.2%, while Auto and Oil and Gas fell over 0.5% and 0.28%, respectively.
The BSE’s overall market breadth was positive, with 2,150 companies advancing against 1,806 declining, and 108 remaining unchanged. At the NSE, 24 companies achieved their 52-week high, while 85 companies touched their 52-week low.
This session’s activity underscores a generally optimistic investor sentiment, driven by gains in major sectors, despite notable declines in a few stocks and sectors. The market demonstrates resilience, with a majority of the components and sectors closing in the green, injecting positivity into the domestic equity landscape.
Original Source: https://www.newsonair.gov.in/domestic-markets-end-with-modest-gains/
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Publish Date: 2025-01-15 16:29:00