In today’s stock market session, investors witnessed a significant surge as the Sensex surged by a remarkable 1,280 points, reflecting strong bullish sentiment. Similarly, the Nifty index remained buoyant, crossing the 23,150 mark, indicating a broad-based rally across various sectors.
One of the notable highlights of the day was the announcement by Bajaj Finance regarding its plan to sell shares worth Rs 3,000 crore in the upcoming Bajaj Housing IPO. This move has garnered attention from market participants and is expected to impact the financial sector in the near future.
Furthermore, the Reserve Bank of India (RBI) maintained the status quo on the repo rate for the eighth consecutive time. This decision underscores the central bank’s stance on supporting economic stability and growth while keeping inflationary pressures in check.
Across different sectors, all indices displayed positive momentum, with the IT index notably surging by 2%. Leading the gainers on the Nifty were prominent stocks such as Wipro, LTIMindtree, Tech Mahindra, Infosys, and Adani Ports. Conversely, certain stocks experienced losses, including SBI Life, Tata Consumer, L&T, HUL, and Kotak Mahindra Bank.
The market’s positive performance today reflects investor confidence amid ongoing developments and reinforces optimism about the future trajectory of the economy. As market dynamics continue to evolve, investors are closely monitoring the unfolding trends for potential investment opportunities and portfolio adjustments.