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Markets Rally Despite Volatility; BSE Market Cap Nears ₹457 Lakh Crore Mark

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New Delhi, September 11 (HS): After a day marked by sharp fluctuations, the domestic stock market succeeded in closing higher for the fourth consecutive session. Trading began on a weak note, but soon after the opening, buyers built strong momentum, pushing both Sensex and Nifty into positive territory. During the first half of the session, selling pressure dominated, but in the second half, buyers showcased strength, helping the market recover from lower levels. By the close, the Sensex ended 0.15 percent higher, while the Nifty closed with a gain of 0.13 percent.

Throughout the day, continuous buying was witnessed in energy, banking, and media stocks. Similarly, indices of infrastructure, capital goods, FMCG, pharmaceuticals, oil & gas, public sector enterprises, and metals also ended with gains. On the other hand, pressure of selling persisted in automobile, IT, tech, and consumer durables. The broader market displayed mixed trends—BSE midcap index closed with a marginal gain of 0.14 percent, while the small-cap index slipped slightly by 0.01 percent.

With today’s rally, investors saw their wealth increase by over ₹75,000 crore. The market capitalization of companies listed on the BSE rose to ₹457.23 lakh crore (provisional) after today’s trading, compared to Wednesday’s ₹456.45 lakh crore. This means investors added nearly ₹78,000 crore to their wealth in a single day’s session.

In terms of participation, 4,281 shares were actively traded on the BSE. Out of these, 2,108 advanced, 2,012 declined, and 161 closed flat. On the NSE, 2,766 shares saw active trading, with 1,360 closing in green and 1,406 in red. Among the Sensex’s 30 stocks, 16 gained and 14 declined, while in the Nifty’s 50 index stocks, 23 advanced and 27 ended lower.

Sensex opened 207.85 points down at 81,217.30. Soon after, buyers pushed it up to an intraday high of 81,583.88. The rally, however, could not sustain for long, and selling dragged it back into the red. Around noon, buying resumed with renewed strength, driving the index to an intraday peak of 81,642.22 by 2:30 pm, up 217.07 points. In the final hour, mild profit-taking pulled it off the highs, and it finally settled with a gain of 123.58 points at 81,548.73.

Similarly, Nifty opened weaker by 27.60 points at 24,945.50. Supported by early buying, it spurted to 25,008.95 but soon faced selling pressure, dropping to an intraday low of 24,940.15, down 32.95 points. In the second session, strong buying drove it up to 25,037.30, with a rise of 64.20 points. However, late profit-taking trimmed the gains, and the index closed 32.40 points higher at 25,005.50.

Among the top gainers of the day were Shriram Finance (up 2.52%), Adani Enterprises (2.50%), NTPC (1.66%), Axis Bank (1.62%), and Power Grid Corporation (1.36%). On the losers’ side, Infosys fell 1.49%, Bajaj Auto 1.41%, Eicher Motors 1.15%, SBI Life Insurance 1.06%, and Titan Company 1.01%.

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Hindusthan Samachar / Jun Sarkar

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