Stock Market Highlights: Sensex up 250 points, Nifty 50 closes above 26,000 for the first time
Sensex Today | Stock Market Highlights: Indian Sensex, and Nifty 50 staged a recovery in the final hour of trade. The Nifty 50 index gained 64 points to end at 26,004, on the other hand Sensex rose 97 points to 85,011.
Sensex Today | Stock Market Highlights: The Nifty 50 index ended above the 26,000 mark for the first time. The midcap index snapped a three-day gaining streak, falling 386 points to 60,465. Nifty Bank remained above 54,000, and ended 133 points in the green.
Power Grid Corporation hit a record high, gaining 4% on reports that the government is finalising the National Electricity Plan. The upward momentum in heavyweights HDFC Bank and Axis Bank offset the drag caused by IT stocks. FMCG stocks struggled for the second consecutive session, with major players like Tata Consumer Products and Titan emerging as some of the biggest losers on the Nifty.
Muthoot Finance rose 3% rise as gold prices soared to an all-time high, closing 3% higher for the day. EaseMyTrip, however, saw its stock plummet by as much as 20% after an equity transfer worth ₹948.2 crore took place. Zee Entertainment Enterprises’ stock jumped 6%.