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Sensex and Nifty closed with strong gains as the market was buoyed by strong global cues. Nifty Bank closed at the year's high, at the high of 18 December 2024. Buying was also seen in midcap and smallcap stocks. All sectoral indices of BSE closed with gains, with metal and auto indices rising by more than 3% and the realty index rising by more than 5.5%. Buying was also seen in energy, IT, and oil-gas stocks.
India VIX slipped 19% amid gains in all sectoral indices. 49 stocks out of Nifty 50 closed in the green. These stocks saw gains of up to 7%. With this, the total market capitalization of all the companies listed on BSE has increased by Rs 11 lakh crore to Rs 412 lakh crore. Today, instead of weakness in 1 stock, 8 stocks showed gains.
At what level did the market close? After the end of the first trading session of the week on Tuesday, the Sensex closed at 76,735 with a gain of 1,578 points and the Nifty closed at 23,329 with a gain of 500 points. Nifty Bank closed at 52,380 with a gain of 1,377 points and the Nifty Midcap index closed at 51,974 with a gain of 1,473 points. Which stocks saw action today? Heavyweight stocks like Reliance Industries, HDFC Bank and ICICI Bank saw gains. These stocks provided the most support to Nifty today. Auto stocks saw a healthy gain of 5-7%. This rise was seen due to the latest statement on Trump tariffs. IREDA, ICICI Prudential and ICICI Lombard closed with gains ahead of quarterly results. GM Breweries closed with a gain of 2% after the fourth quarter results. Coromandel International B closed with a gain of 8%. Inflows in the stock are expected to increase due to changes in the MSCI index. Buying was also seen in real estate stocks today. These stocks closed with a gain of 8%. Macrotech Developers closed with a gain of more than 8% after the dispute between Lodha Brothers was resolved. Tyre stocks saw a gain of 3-4% in sync with auto. Agri-equipments saw a rise after the Meteorological Department forecast a higher than normal monsoon.
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