Sensex Today | Stock Market Highlights: The benchmark S&P BSE Sensex jumped 716 points, or 0.9%, to close at 80,983, while the Nifty 50 rose 225 points, or 0.9%, to 24,836, buoyed by a broad-based rally across financials, autos, and select midcap stocks.
Sensex Today | Stock Market Highlights: The stock market snapped an eight-day losing streak on Wednesday, with key indices closing near the day’s highs, supported by gains in banking and auto stocks, as well as strong corporate earnings and regulatory developments.The benchmark S&P BSE Sensex jumped 716 points, or 0.9%, to close at 80,983, while the Nifty 50 rose 225 points, or 0.9%, to 24,836, buoyed by a broad-based rally across financials, autos, and select midcap stocks.
The Nifty Bank index surged 712 points, or 1.3%, to 55,348, after the Reserve Bank of India proposed a series of banking regulations aimed at enhancing credit flow and improving competitiveness. The NSE Midcap index gained 500 points to 57,029, reflecting a strong recovery in broader market segments.
Auto stocks led the gains, with Tata Motors climbing 10% following strong domestic and international sales data that exceeded market expectations. Financial services stocks also advanced, as Shriram Finance surged 5% after management denied reports of a stake sale, while Muthoot Finance and Manappuram Finance each rose around 2% as gold prices hit record highs.
Watch this space for all the live updates.
