Indian Benchmark Indices Close Strong

7 Aug 2024 , 03:54 PM

Indian benchmark indices ended the trading session on a strong note on August 7, with the Nifty closing at 24,300 ahead of the anticipated RBI policy outcome. The Sensex surged 874.94 points, or 1.11%, to close at 79,468.01, while the Nifty climbed 305 points, or 1.27%, to finish at 24,297.50. The market saw a positive breadth with 2,696 shares advancing, 698 shares declining, and 72 shares remaining unchanged.

Top Gainers and Losers

Biggest Nifty Gainers:

• Coal India
• Adani Ports
• Power Grid Corp
• Cipla
• Wipro

Biggest Nifty Losers:

• IndusInd Bank
• Eicher Motors
• Britannia
• Tech Mahindra
• Titan Company

Sectoral Performance

All sectoral indices closed in the green, reflecting a broad-based rally:

• Metal: Up 2-3%
• Healthcare: Up 2-3%
• Media: Up 2-3%
• Power: Up 2-3%
• Telecom: Up 2-3%
• Oil & Gas: Up 2-3%
• Capital Goods: Up 2-3%

Midcap and Smallcap Indices

Both the BSE Midcap and Smallcap indices performed robustly, each rising by more than 2%.