Indian Equity Indices Surge on Strong Domestic Cues
Mumbai: Indian equity indices experienced a notable uptrend on Thursday, driven by strong domestic cues.
As of 1:00 p.m., the Sensex had risen by 800 points, or 1.08%, reaching 75,023, while the Nifty had increased by 246 points, or 1.09%, to 22,843 points.
This marks the first time the Nifty has traded above 22,800 points, surpassing the previous high of 22,794 points.
The Nifty Midcap index also reached an all-time high, climbing 238 points, or 0.46%, to 52,405 points. The Nifty Smallcap index rose by 27 points, or 0.17%, to 16,909 points.
The India Volatility Index (India VIX) remained stable, trading at 21.47 points.
According to the HSBC Flash Purchasing Manager’s Index (PMI) data released on Thursday, the Indian economy saw a record rise in exports and the sharpest increase in employment in nearly 18 years in May, contributing to the market’s positive trend.
Among the sector indices, Auto, IT, PSU Bank, Financial Services, Realty, Private Banks, and Infrastructure were the major gainers. Conversely, Pharma, FMCG, Metal, and Energy sectors lagged.
Top gainers in the Sensex included Axis Bank, L&T, Maruti Suzuki, M&M, IndusInd Bank, Infosys, Bajaj Finserv, SBI, Titan, and ICICI Bank. The top losers were Sun Pharma, Power Grid, NTPC, JSW Steel, ITC, and Tata Steel.
