Bulls Charge Ahead Sensex Climbs Over 1000 Points as Nifty50 Surpasses 26,000 Mark!

Dalal Street had another exciting week of trading as the Sensex index gained over 1,000 points. Learn more about the past week by reading on.

Bulls Charge Ahead Sensex Climbs Over 1000 Points

With gains of 3,88 points, or 1.5%, in the Nifty50 and Bulls Charge Ahead Sensex Climbs Over 1000 Points or 1.2%, in the Sensex, investors witnessed another exciting week on Dalal Street. Over the course of the five trading sessions, which concluded on Friday, both indices shattered a number of records. The Sensex, for example, crossed 85,950 for the first time, and the 50-blue-chip index came within 23 points of 26,300 just days after closing above the psychologically significant 26,000 barrier for the initial instance.

According to provisional exchange data, the market capitalization of BSE-listed businesses increased to Rs 477.9 lakh crore from Rs 471.7 lakh crore during the trading week, making investors richer by Rs 6.2 lakh crore.

Following the Fed’s unexpected decision last week to give a better-than-expected rate decrease of 50 basis points (bps), many analysts indicate that investor optimism on Dalal Street is still supported by expectations of lower-for-longer interest rates in major economies and a positive outlook at home.

Domestic flows; Bulls Charge Ahead Sensex Climbs Over 1000 Points

The surge was fueled by a confluence of favorable domestic flows, robust macroeconomic conditions, and the potential to revive foreign flows following rate decreases. The Fed’s rate cuts are closely associated with strong inflows into emerging markets, including India is well-positioned to take home a sizable portion of, renowned industry analyst Ajay Bagga informed Bulls Charge Ahead Sensex Climbs Over 1000 Points.

With advances of 7.0%, 5.0%, and 4.5% in their respective sectoral indices on the NSE, the automotive, metals, and energy sectors spearheaded the broad-based rally on Dalal Street. PSU banking, healthcare, and pharmaceutical shares were among the other sectors that saw significant gains, with their respective indices gaining by roughly 1-3 per cent.

The 12 companies that make up the Nifty Bank, which includes some of the biggest lenders in the nation including SBI and HDFC Bank, had a slight weekly rise of 41.1 points, or 0.1%.

How the various sectors fared this week

Index	Weekly change
	Absolute	%
NIFTY METAL	660.3	7.0
NIFTY OIL & GAS	626.9	5.0
NIFTY AUTO	1216.2	4.6
NIFTY PSU BANK	225.8	3.4
NIFTY MEDIA	51.9	2.5
NIFTY PHARMA	513.8	2.2
NIFTY HEALTHCARE INDEX	234.0	1.6
NIFTY REALTY	16.2	1.5
NIFTY FINANCIAL SERVICES	118.8	0.5
NIFTY IT	108.2	0.3
NIFTY CONSUMER DURABLES	36.3	0.1
NIFTY BANK	41.1	0.1
NIFTY FMCG	-25.4	0.0
NIFTY PRIVATE BANK	-102.1	-0.4

There were up to 41 gainers in the Nifty basket of 50 blue-chip companies, with BPCL (10.9%) and Tata leading the way 9.6% of the total was made up of steel, 7.9% of M&M, 7.9% of Hindalco, 7.0% of Maruti Suzuki, 6.1% of Bajaj Auto, 5.1% of Coal India, 4.9% of Bajaj Finserv, and 4.5% of Sun Pharma.

However, among the top losers, LTIMindtree, ICICI Bank, Larsen & Toubro, Kotak Mahindra Bank, Tata Consumer Products, and IndusInd Bank suffered the most, closing between 1.2% and 3.7% lower.

In the larger markets, there were mixed movements throughout the week. The Nifty Smallcap 100 dropped by half a percentage point, while the Nifty Midcap 100 increased by 0.3%. 263 firms in the Nifty 500 basket, the largest index on the exchange, saw weekly gains.(Bulls Charge Ahead Sensex Climbs Over 1000 Points)

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