Sensex rises 200 points, Nifty ends at 25,050— 10 key highlights from the Indian stock market today
The Sensex rose 213 points, or 0.26 per cent, to end at 81,857.84, while the Nifty 50 settled at 25,050.55, up 70 points, or 0.28 per cent. The BSE Midcap and Smallcap indices rose 0.39 per cent and 0.30 per cent, respectively.
The cumulative market capitalisation of BSE-listed firms rose to ₹ 456 lakh crore from ₹ 454 lakh crore in the previous session, lifting investors' wealth by about ₹ 2 lakh crore in a single session.
The market is riding on optimism surrounding India's growth story, further brightened by Prime Minister Narendra Modi's announcement of GST reforms. Favourable growth-inflation dynamics keep the medium- to long-term outlook positive.
"The Indian market sustained its positive momentum, supported by strong domestic inflows and favourable macro tailwinds. However, rich valuations and external risks, particularly the U.S. tariffs and sanctions on the purchase of Russian crude, continue to pose challenges," Vinod Nair, Head of Research, Geojit Investments Limited, noted.
"Greater visibility on US trade policy and the path of earnings recovery will be critical. Meanwhile, global sentiment is cautious ahead of the release of the FOMC minutes later today, with investor attention gradually shifting to the US Fed Chair's speech at Jackson Hole this weekend, which is expected to provide clearer guidance on future policy direction," Nair added.
(This is a developing story. Please check back for fresh updates.)
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Read more stories by Nishant Kumar
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
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