Dalal Street Cheers: Shares at 2-Month Peak

New Delhi, September 9 (HS): Indian equities closed at their highest level in over two months on Tuesday, buoyed by strong global cues and heavy buying in IT stocks. The rally, which marked the second straight day of gains, added nearly ₹1.23 lakh crore to investors’ wealth in a single session.

The BSE Sensex ended with a rise of 314.02 points, or 0.39 percent, at 81,101.32, while the NSE Nifty gained 95.45 points to finish at 24,868.60. Both indices had opened on a firm note, briefly came under pressure around mid-morning due to sustained selling, but rebounded strongly in the afternoon on renewed buying, particularly in IT, FMCG, and pharma stocks.

Broader market sentiment also strengthened, with the BSE MidCap index surging 0.20 percent and the SmallCap index adding 0.22 percent. Market breadth remained mixed, as out of 4,281 actively traded BSE shares, 1,995 advanced, 2,125 declined, and 161 closed flat. On the NSE, 1,350 shares gained while 1,424 ended in the red.

Investor wealth rose sharply, with the market capitalization of BSE-listed companies climbing to ₹453.96 lakh crore, compared to ₹452.73 lakh crore in the previous session.

Sectoral Performance

Gainers: IT, FMCG, and pharmaceuticals were the star performers of the day. Banking, capital goods, metals, and technology indices also ended higher.

Losers: Oil & gas, PSU, consumer durables, and auto stocks faced selling pressure.

Top Gainers

Infosys: +4.98%

Dr. Reddy’s Laboratories: +3.25%

Wipro: +2.73%

Tech Mahindra: +2.57%

Adani Ports: +2.42%

Top Losers

Trent Ltd.: -1.82%

Eternel: -1.20%