News Details
Category : Market
Headline : Post-Session: Sensex ends 629 points up; Nifty at 18,500
Date: 26/05/2023 16:13
Despite weak cues from global markets, the Indian benchmark indices defied the trend and witnessed a widespread rally, buoyed by the strong growth forecast for the Indian economy.

With the upcoming Q4 GDP data, it is anticipated that India's FY23 GDP will marginally surpass the earlier projected 7.0% growth rate.

Further, the expectation of a normal monsoon and consistent FII buying further boosted confidence among domestic investors.

The 30-share benchmark index ended at 62501.69 up by 629.07 points or by 1.02 % and then NSE Nifty was at 18499.35 up by 178.2 points or by 0.97 %.

Sensex touched intraday high of 62529.83 and intraday low of 61911.61 The NSE Nifty touched intraday high of 18508.55 and intraday low of 18333.15

The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 2506.55,+2.79%), Sun Pharmaceutical Industries Ltd. (Rs. 970.65,+2.75%), HCL Technologies Ltd. (Rs. 1138.60,+2.02%), Hindustan Unilever Ltd. (Rs. 2651.60,+2.00%), Wipro Ltd. (Rs. 401.50,+1.85%), among others.

The top gainers of the NSE Nifty pack were Reliance Industries Ltd. (Rs. 2506.50,+2.73%), Sun Pharmaceutical Industries Ltd. (Rs. 969.90,+2.63%), Hindalco Industries Ltd. (Rs. 413.55,+2.30%), Divi's Laboratories Ltd. (Rs. 3514.00,+2.28%), Hindustan Unilever Ltd. (Rs. 2652.35,+2.12%), among others.

IT index was at 29271.27 up by 387.55 points or by 1.34%. Nucleus Software Exports Ltd. (Rs. 809.20,+20.00%), Kellton Tech Solutions Ltd. (Rs. 65.85,+7.11%), Sonata Software Ltd. (Rs. 975.55,+5.26%), Aurionpro Solutions Ltd. (Rs. 746.70,+5.00%), Zensar Technologies Ltd. (Rs. 376.25,+4.31%),.

Power index was at 3840.83 down by -1.54 points or by -0.04%. Adani Transmission Ltd. (Rs. 850.80,-4.56%), JSW Energy Ltd. (Rs. 255.95,-1.02%), Adani Green Energy Ltd. (Rs. 963.30,-0.77%), Adani Power Ltd. (Rs. 258.05,-0.50%), Power Grid Corporation of India Ltd. (Rs. 237.05,-0.36%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3864 , shares advanced were 2062 while 1626 shares declined and 176 were unchanged.