Stock Market Today: Sensex Gains 526 Points, Nifty Ends At 22,124

Despite mixed signals from global markets, the domestic market initiated a positive trajectory and sustained its upward momentum throughout the day

Among the top performers on the BSE Sensex were prominent companies such as Reliance Industries, Maruti Suzuki, Bajaj Finance, Titan Company and Kotak Mahindra Bank ( Image Source :Getty )

The stock market recovered from the losses of the previous session on Wednesday thanks to increased buying activity observed across heavyweight stocks as well as those in the automotive, real estate, power, and capital goods sectors. At the time of closing, the Sensex showed a notable increase of 526.01 points, equivalent to a rise of 0.73 per cent, reaching a level of 72,996.31. Similarly, the Nifty exhibited a positive trend, rising by 119 points or 0.54 per cent, closing at 22,123.70.

Despite mixed signals from global markets, the domestic market initiated a positive trajectory and sustained its upward momentum throughout the day. This was largely driven by improved indicators such as a reduced Current Account Deficit (CAD), which stood at $10.5 billion in the third quarter, coupled with heightened investor interest in heavyweight stocks.

Among the top performers on the BSE Sensex were prominent companies such as Reliance Industries, Maruti Suzuki, Bajaj Finance, Titan Company and Kotak Mahindra Bank while top losers included Wipro, HCL Tech, TCS, SBI and Nestle India.

In terms of sectoral performance, the automotive, banking, capital goods, power, real estate, and telecommunications sectors saw gains ranging from 0.5 to 1 per cent. Conversely, the metal, information technology (IT), and media sectors experienced declines of 0.3 to 0.5 per cent.

In the broader market, both the Nifty Midcap100 and Smallcap100 indices ended positively, recording gains of 0.06 per cent and 0.96 per cent, respectively.