Sensex jumps 1,225 points as Nifty climbs above 23,800
Broad-based indices traded higher with rallies in the auto, FMCG, and private bank sectors, according to Moneycontrol.
The Sensex climbed 1.35 per cent and the Nifty 50 rose 1.24 per cent during today's trading session, according to Moneycontrol. The Nifty 50 ended above the 23,800 mark while the Sensex gained 1,225 points.
Sectoral indices saw movement as the Nifty FMCG and Nifty Capital Market indices surged. However, metals, energy, and IT sectors declined despite the broader market rally. The BSE Power index fell by 1 per cent.
In the auto sector, Hyundai Motor India shares rose over 2 per cent, while TVS Motor Company shares ended more than 2 per cent higher. Bajaj Auto and Ashok Leyland also saw volume-driven activity. ITC shares closed up 2.12 per cent.
Several companies reported quarterly results, including Pfizer, which saw Q2 net profit jump 65.6 per cent to Rs 313 crore. Solar Industries reported a 78.8 per cent jump in Q2 net profit, while Minda Corporation's Q2 net profit rose 68.2 per cent.
Other notable stock movements included United Spirits and Phoenix Mills rising over 2 per cent. Conversely, State Bank of India and Punjab National Bank shares both fell over 2 per cent. The rupee closed 16 paise higher at 94.74 per dollar.
