Sensex and Nifty 50 Hit New Closing Highs; Special Trading Session Ends with Gains

Domestic equity benchmark indices, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), witnessed a bullish trend and concluded the trading session on Saturday with notable gains, marking the fourth consecutive session of positive growth. The surge in the market was ignited by upbeat economic indicators, such as a strong Gross Domestic Product (GDP) data and increased foreign fund inflows. Notably, metal stocks emerged as the top gainers, leading the momentum.

In the second part of a special live trading session, which commenced at 11:30 AM IST and concluded at 12:30 PM IST, the 30-share Sensex maintained a steady position, closing flat at 73,806.15 points. On the other hand, the broader Nifty 50 index exhibited a positive movement, ending at 22,378.40 points, reflecting an increase of 39.65 points or 0.18%. Among the sectoral indices, it was the Nifty Metal index that showed the most robust performance, rising by 1.58%, followed by the Nifty Consumer Durables sector with a 1.16% increase.

In the Top Gainers category, leading stocks included Tata Steel Ltd, recording a 3.60% growth, Hindalco Industries with a 1.57% surge, and Coal India up by 1.19%. Adani Ports and Special Economic Zone Ltd also reported notable gains of 1.06%, along with Tech Mahindra which saw a rise of 0.93%. Conversely, stocks such as Mahindra & Mahindra Ltd, Maruti Suzuki India Ltd, NTPC Ltd, Sun Pharmaceutical Industries Ltd, and Nestle India Ltd experienced marginal declines.

A special live trading session that unfolded from 9:15 AM IST to 10:00 AM IST witnessed the Sensex and Nifty 50 achieving new all-time closing highs, breaking previous records. The Sensex peaked at 73,860.26 points, highlighting a 0.16% increase, whereas the Nifty 50 crossed the threshold to close at 22,395 points, with a 0.25% rise. This notable growth emerges against the backdrop of multiple positive market stimuli and robust investor sentiment.

As the market outlook remains upbeat, industry experts are closely watching the performance of key indices to gauge the future trajectory. Metal stocks have emerged as the frontrunners, clocking significant gains in recent trading sessions. The Nifty 50, with its resilient performance, is expected to see further positive momentum if key resistance levels are surpassed.