Sensex jumps 1,225 points as Nifty crosses 23,800 mark
Broad-based indices traded higher with rallies in 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 level while the Sensex gained 1,225 points.
Sectoral indices such as Nifty FMCG and Nifty Capital Market surged. The Nifty Bank also rose, though metals, energy, and IT sectors declined despite the broader market rally. The BSE Power index fell by 1 per cent.
In individual stocks, ITC rose 2.12 per cent, while TVS Motor Company and Hyundai Motor India both ended over 2 per cent higher. United Spirits, Phoenix Mills, and Tata Capital also gained more than 2 per cent. Bajaj Auto and DLF saw volume breakouts.
Several companies reported quarterly results, including Solar Industries, which saw Q2 net profit jump 78.8 per cent. Minda Corporation reported a 68.2 per cent rise in Q2 net profit, while Pfizer's Q2 net profit increased 65.6 per cent to Rs 313 crore.
On the currency front, the rupee closed 16 paise higher at 94.74 per dollar. Meanwhile, the VIX rose nearly 3 per cent as midcaps and smallcaps gained.
Some stocks faced declines, including MphasiS, which fell over 2 per cent, and State Bank of India and Punjab National Bank, which both fell over 2 per cent. REC shares hit a 52-week low during the session.
