Strong Surge in Stock Market, Sensex Climbs by 1241 Points, Nifty Crosses 21700

After several days of sluggish performance, the stock market witnessed a powerful surge on Monday. Opening on a positive note with robust buying momentum from the beginning of the week, coupled with favorable signals from global markets, the Indian benchmark indices, Sensex and Nifty, recorded significant gains on Monday. The market closed with a substantial increase, with Sensex gaining 1,240.90 points or 1.75% to reach the level of 71,941.57 points. Nifty, on the other hand, registered a growth of 1.80%, adding 385.00 points to close at 21,737.60.

Out of the 38 shares in Nifty, 27 ended in the green, while 11 closed in the red. There were no changes in one share during this period. Among the top gainers were ONGC, Adani Enterprises, SBI Life, HDFC Bank, and Sun Pharmaceuticals. On the flip side, Sipla, Dr. Reddy's Laboratories, Bajaj Auto, ITC, and Divis Laboratories incurred losses.

Foreign Institutional Investors (FIIs) booked profits worth Rs. 2,144 crores in the stock market on Thursday, attributing the selling to a rise in global crude oil prices and FIIs' sell-off.

This remarkable uptrend in the stock market comes after a period of stagnation, and investors are closely monitoring the evolving market dynamics. Market participants are optimistic about the positive momentum and hope for sustained growth in the coming days.