Stock market today: BSE Sensex rallies over 750 points, Nifty50 ends shy of 24,000 - top reasons for rise
Stock market today: BSE Sensex and Nifty50 snapped their five day losing streak on Monday to rally strongly and finish in green. BSE Sensex closed the day at 76,835.78, up 776 points or 1.02%. Nifty50 ended at 23,995.95, up 228 points or 0.96%.
Improving relations between Iran and the US, softer crude oil prices and other supportive factors boosted investor confidence. Buying was broad-based, with almost every sectoral index trading in positive territory. Nifty FMCG and Nifty IT led the advance, each rising more than 1%. Market breadth also remained firmly positive, with 2,229 stocks advancing on the NSE against 436 declines, while 91 stocks ended unchanged.
Improving relations between Iran and the US, softer crude oil prices and other supportive factors boosted investor confidence. Buying was broad-based, with almost every sectoral index trading in positive territory. Nifty FMCG and Nifty IT led the advance, each rising more than 1%. Market breadth also remained firmly positive, with 2,229 stocks advancing on the NSE against 436 declines, while 91 stocks ended unchanged.
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