Stock Market Today: Sensex Rises 282 Points; Nifty Hits New All-Time High. Pharma, FMCG Gain

Stock update: On the 30-share Sensex platform, Bajaj Finserv, ICICI Bank, Airtel, Bajaj Finance, Sun Pharma, Maruti emerged gainers

In the broader markets, BSE Midcap index added 0.3 per cent and Smallcap index jumped 0.7 per cent.

Source : Getty

The two key equity benchmarks, Sensex and Nifty, on Monday closed higher for the fifth consecutive session. The BSE Sensex closed 282 points higher at 72,708, on the other hand, the NSE Nifty50 hit a new high of 22,122, up 82 points. 

On the 30-share Sensex platform, Bajaj Finserv, ICICI Bank, Airtel, Bajaj Finance, Sun Pharma, Maruti emerged gainers. On the downside, L&T, Wipro, IndusInd Bank, TCS, Tata Motors, and Axis Bank were among the losers.

#ABPStockMarketWatch | Sensex rose 282 points, Nifty hit fresh all-time high on Monday

At 04:00 PM, #Sensex gained 282 points to 72,708 & #Nifty gained 82 points to close at 22,122

Here's a look at the stocks in focus:#ABPLive #ClosingBell #MarketWatch pic.twitter.com/2iq5Oe19MF

— ABP LIVE (@abplive) February 19, 2024

In the broader markets, BSE Midcap index added 0.3 per cent and Smallcap index jumped 0.7 per cent.

Sectorally, pharma and FMCG gained nearly 1 per cent each. Capital goods, IT metal, and realty ended in the red.

Overall market capitalisation of BSE listed shares surged to Rs 391.69 lakh crore or $4.72 trillion, making investors richer by Rs 2.20 lakh crore.

In the previous session on Friday, the BSE Sensex jumped 376 points to end at 72,427, while the NSE Nifty50 closed at 22,041, up 130 points.

Vinod Nair, Head of Research, Geojit Financial Services, said, "Despite an unattractive risk reward, the broader market continued its outperformance in expectation of improvements in private capex and optimism about political stability. Benign input costs and expectations of a pickup in rural demand will aid corporate earnings growth." Key Asian markets were mixed. Hong Kong's Hang Seng fell 0.8 per cent and Tokyo's Nikkei 225 lost 0.04 per cent while the Shanghai Composite index gained 1.4 per cent.

US market are closed on Monday on account of President's Holiday. On Friday, US stocks closed in the red, with all three major indices logging weekly losses, as investors assessed inflation readings and company earnings.

On Friday, Foreign Portfolio Investors (FPIs) were net buyers as they purchased securities worth Rs 253.28 crore, according to exchange data.