May 18, 2024

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Market Highlights: Sensex rallies 958 factors, Nifty ends above 17,800 for first time; Realty, financials, banks rally

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Share/Stock Highlights: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) climbed over 1.5 per cent larger to settle at recent all-time highs on Thursday led by shopping for throughout sectors and in heavyweight shares corresponding to Reliance Industries (RIL) and the HDFC twins- comprising of HDFC Bank and Housing Development Finance Corporation (HDFC).
The S&P BSE Sensex rose 958.03 factors (1.63 per cent) to finish at a report closing excessive of 59,885.36. Earlier within the day, the BSE benchmark had surged 1,029.92 factors (1.75 per cent) to breach the 59,900-mark for the very first time and hit a recent report intraday excessive of 59,957.25.
Likewise, the Nifty 50 climbed 276.30 factors (1.57 per cent) to finish at an all-time excessive of 17,822.95. The NSE  barometer had earlier breached the 17,800-mark for the primary time ever to the touch a report excessive of 17,843.90.
On the Sensex pack, Bajaj Finserv, Larsen & Toubro (L&T), HDFC, Axis Bank, State Bank of India, RIL, IndusInd Bank, HDFC Bank and ICICI Bank have been the highest gainers of the day. On the opposite hand, Dr. Reddy’s Laboratories, ITC and Nestle India have been among the many losers.
Among the sectoral indices, the Nifty Realty index was the highest performer of the day surging 8.66 per cent led by Oberoi Realty, Godrej Properties and DLF. The Nifty Financial Services index jumped 2.28 per cent aided by Piramal Enterprises, Bajaj Finserv and HDFC. The key Bank Nifty rose 2.24 per cent led by RBL Bank, Axis Bank and IndusInd Bank.
Among the broader market indices on BSE, the S&P BSE MidCap index ended at 25,489.70, up 323.16 factors (1.28 per cent). Gains right here have been led by Oberoi Realty, Godrej Properties and Indian Hotels. The S&P BSE SmallCap ended at 28,108.92, up 252.82 factors (0.91 per cent). Cantabil Retail India, Welspun India and JBM Auto have been the highest gainers within the smallcap phase.
(with inputs from companies)

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