In a strong rebound after three consecutive days of declines, the Sensex and Nifty indices staged a notable recovery on Wednesday. The Sensex surged 919 points to 79,511, while the Nifty climbed 296 points to 24,289 in early trading, reflecting a broader market rally driven by a positive shift in global market sentiments.
Key Highlights from Today’s Market Rally
Sensex and Nifty Rebound:
- Sensex: Up 919 points to 79,511
- Nifty: Up 296 points to 24,289
Top Performers:
- All 30 Sensex stocks were in the green.
- Major gainers included Infosys, M&M, JSW Steel, HCL Tech, Ultratech Cements, and Adani Ports, with gains of up to 2.5%.
Investor Gains:
- Market capitalization of BSE-listed companies increased by Rs 6.26 lakh crore, reaching Rs 445.85 lakh crore, up from Rs 439.59 lakh crore.
Stock Performance:
- 73 stocks hit 52-week highs.
- 9 stocks hit 52-week lows.
Market Breadth:
- Out of 2,679 stocks traded, 2,223 were in the green, 358 were in the red, and 98 remained unchanged.
Sectoral Indices:
- All 19 BSE sectoral indices were positive.
- Capital goods, IT, and oil & gas sectors saw significant gains.
Circuit Limits:
- 91 stocks reached their upper circuit limits.
- 44 stocks hit their lower circuit limits.
FII-DII Activity:
- Foreign Institutional Investors (FIIs) sold equities worth Rs 3,531 crore.
- Domestic Institutional Investors (DIIs) bought shares worth Rs 3,357 crore.
The rally comes as a welcome change after recent market volatility fueled by recession fears in the U.S., highlighting a positive sentiment shift among investors.
I’m a finance writer with three years of experience in investment analysis. At Investorwelcome , I translate complex financial concepts into clear, actionable insights to help investors navigate the market with confidence. Combining my solid academic background with practical industry knowledge, I’m dedicated to providing readers with accurate and timely information. My goal is to empower both new and seasoned investors by simplifying intricate data and offering strategic advice. When I’m not writing, I stay engaged with market trends and investment innovations to ensure my content remains relevant and valuable.
