New Delhi, August 11(HS): Indian equities closed with remarkable strength today, buoyed by positive global cues, a drop in crude oil prices, and aggressive value-buying at lower levels. After a tepid start and brief early losses, bulls seized control within the first half hour, driving benchmark indices sharply higher through the session.
The Sensex vaulted 746.29 points, or 0.93%, to settle at 80,604.08, while the Nifty 50 climbed 221.75 points, or 0.91%, to close at 24,585.05. Gains were broad-based, with Realty, PSU Bank, Pharma, IT, Infra, Auto, FMCG, Oil & Gas, Metal, and Tech indices all finishing in the green. The BSE Midcap index rose 0.79%, and the Smallcap index advanced 0.35%.
The rally added a massive ₹3.39 lakh crore to investors’ wealth, pushing the BSE-listed companies’ market capitalisation to ₹444.02 lakh crore (provisional), up from ₹440.63 lakh crore in the previous session.
Market breadth was positive, with 2,248 gainers against 1,916 losers on the BSE. On the NSE, 1,486 stocks advanced, while 1,256 declined.
Top gainers on the Nifty included Adani Enterprises (+4.83%), Tata Motors (+3.16%), Eternal (+2.82%), Grasim Industries (+2.50%), and Apollo Hospitals (+2.46%). On the losing side, Hero MotoCorp, Bharat Electronics, Bharti Airtel, and Maruti Suzuki posted marginal declines.
The strong rebound signals a decisive return of buying momentum to Dalal Street, with bulls firmly back in the driver’s seat.
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Hindusthan Samachar / Jun Sarkar
