Sensex ends 900 points higher: Top 6 factors behind the stock rally today

Posted on:
Key Points

NEW DELHI: Making investors richer by about Rs 3.4 lakh crore, Sensex on Friday ended with a 900-point rally while Nifty ended close to the 17,600 mark as traders followed positive global and domestic cues...

Buying was seen across sectors and market segments, with PSU banks and Adani stocks leading the upside bounce...

"We expect the markets to have a short-term bounce back due to increased optimism, but are still concerned about global interest rates and higher valuations, which can lead to increased medium-term volatility," said Naveen Kulkarni, Chief Investment Officer, Axis Securities...

Adani Group stocks were among the biggest gainers on Dalal Street on Friday with Nifty stock Adani Enterprises ending 17% higher..

All Adani stocks ended in the green zone following a Rs 15,000 crore deal with US-based entity GQG Partners.. 6) Bank Stocks..

You might be interested in

Has Indian stock market topped out after hitting life-time high — explained

06, Jul, 23

Stock market today: Speculation arises if market has topped out, but experts believe rally will continue, led by FMCG and Capital Goods sectors

Sensex zooms over 900 points: Top 6 factors behind the stock rally today

03, Mar, 23

Buying was seen across sectors and market segments, with PSU banks and Adani stocks leading the upside bounce. FII selling, however, can limit the upside as foreigners have sold Indian stocks worth nearly Rs 38,000 crore so far in the calendar year.

Sensex ends 671 points lower: 7 key factors behind today’s selloff

10, Mar, 23

Adani stocks traded mixed today but Nifty stock Adani Enterprises ended 2.9% lower at Rs 1,896.45. Adani Wilmar ended 4.5% lower while NDTV lost 5%. However, four other stocks from the pack ended 5% higher.

Sensex jumps 700 points to conquer Mt 72K. Key factors behind the post-Christmas bash

27, Dec, 23

UltraTech Cement ended over 4% higher, along with other cement stocks, after Nomura upgraded the sectoral outlook. Among bluechips, Hindalco and Bajaj Auto ended 4% higher while heavyweight HDFC Bank advanced 1%. The combined market capitalisation of all BSE-listed stocks rose by Rs 2.5 lakh crore to Rs 361.4 lakh crore.

D-Street traders lose Rs 3 lakh crore! 8 key factors behind today’s selloff

10, Mar, 23

The total market capitalisation of all BSE-listed stocks fell to Rs 261.24 lakh crore today as bears ruled the Street for the second consecutive day amid weak global cues.

Sensex, Nifty open higher as FIIs remain bullish; Adani shares jump

23, May, 23

The S&P BSE Sensex was up 224.11 points at 62,187.79 at around 9:46 am, while the NSE Nifty 50 rose 87.95 points to 18,402.35.

Sensex, Nifty end flat as IT stocks slide amid fears of ‘mild recession’ in US

13, Apr, 23

The S&P BSE Sensex ended 38.23 points higher at 60,431, while the NSE Nifty 50 settled 15.60 points higher at 17,828. Broader market indices also ended in the green.

Why stock market is down today after RBI's announcement to keep interest rate unchanged?

08, Feb, 24

Stock market today: The Nifty 50 index shed around 1% and touched a new intraday low of 21,709 after RBI's announcement to keep key interest rates steady

Buy or sell: Vaishali Parekh recommends three stocks to buy today — 21st July

21, Jul, 23

Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today — RVNL, Sona BLW and Godrej Consumer Products

70% of Nifty 500 stocks trading above 200 DMA

15, Jun, 23

A 200-day moving average is the average closing price of a stock over the last 200 days