Sensex and Nifty News: Sensex Rises Over 400 Points, Nifty Closes Above 24,650 Amid Global Rally

Market Performance

The Indian stock market experienced a strong rally on Wednesday, following gains in global markets and a decline in domestic inflation.

• Sensex climbed 413.09 points (0.51%) to 80,648.68.
• Nifty 50 rose 161.15 points (0.66%) to 24,648.55 at 2 p.m.
• Midcap and small-cap indices outperformed: BSE Midcap rose 0.56%, BSE Smallcap gained 0.58%.
• Investors collectively earned over ₹2 lakh crore, with overall BSE market capitalization rising from ₹443 lakh crore to ₹445.5 lakh crore.

Main News

Key Factors Driving the Rally

• Retail Inflation Eases:
  • Retail inflation fell to 1.55% in July, the lowest in eight years.
  • Subdued food prices helped bring inflation below the RBI’s comfort zone for the first time since January 2019.
• Global Market Support:
  • Asian markets, including South Korea’s Kospi, Japan’s Nikkei 225, Shanghai SSE Composite, and Hong Kong’s Hang Seng, posted gains.
  • US markets closed sharply higher on Tuesday, boosting investor sentiment.
• Trump-Putin Summit Anticipation:
  • Scheduled US-Russia talks in Alaska on Friday regarding the Russia-Ukraine conflict improved investor confidence.
• Fed Rate Cut Expectations:
  • US Consumer Prices rose 0.2% month-on-month in July, pushing the probability of a September Fed rate cut to 94% from 86% the previous day.

Company Details

Top Gainers in Nifty 50

• Apollo Hospitals Enterprise: +8.20%
• Hindalco Industries: +5.09%
• Dr. Reddy’s Laboratories: +2.71%
• Other notable gainers: Hero MotoCorp, HDFC Life Insurance, Kotak Mahindra Bank (up to 6%).

Top Losers in Nifty 50

• IndusInd Bank: -1.26%
• Adani Ports: -0.72%
• ITC: -0.52%

Sectoral Performance

• Nifty Healthcare: +2.13%
• Nifty Pharma: +1.73%
• Metal Index: +1.26%
• Auto Index: +1.12%
• Nifty Bank: +0.25%
• Financial Services Index: +0.39%
• Nifty PSU Bank: -0.14%
• Oil & Gas: -0.05%
• FMCG: -0.04%

Most Active Stocks by Volume

• Vodafone Idea: 47.04 crore shares
• Suzlon: 17.31 crore shares
• Jayaswal Neco Industries: 12.47 crore shares

52-Week Highs & Lows

• 52-Week Highs: Apollo Hospitals Enterprise, Indian Bank, TVS Motor Company
• 52-Week Lows: Bata India, Colgate Palmolive (India), HFCL, Poly Medicure, Praj Industries, Tejas Networks

Advance-Decline Ratio

• Total stocks traded on BSE: 4,246
• Advanced: 2,230
• Declined: 1,864
• Unchanged: 152

Summary

Wednesday’s trading session saw Sensex rising 413 points and Nifty crossing 24,650, supported by easing domestic retail inflation and strong global cues. Healthcare, metals, and auto sectors led gains, while PSU banks and FMCG ended lower. Investors saw a significant ₹2 lakh crore increase in market capitalization, highlighting broad-based optimism in Indian equities.