The benchmark Sensex and Nifty gained nearly 2% and 2%, respectively, during today’s trading session, the final day of the financial year 2022-23. The benchmarks were able to end their three-month losing streak thanks to Friday’s bull run.
The Clever 50 record shut down at 17,359.75, up 1.63 percent. To 58,991.52, the S&P BSE Sensex gained 1.78 percent. The day was the best for both indices since November 11.
Equity investors made 3.48 lakh crore in a single day as a result of the significant rise in domestic markets. When compared to the valuation of 254.71 lakh crore that was recorded on Wednesday, the market capitalization of businesses that are listed on the BSE increased by 3,47,963 crore from 2,58,19,267.19 crore.
Reliance Industries jumped over 4%, making it the biggest gainer in the Sensex pack. Other significant winners included Nestle, Infosys, ICICI Bank, Tata Motors, Tata Consultancy Services, HCL Technologies, Tech Mahindra, and Axis Bank.
Among the laggards were Sun Pharma, Asian Paints, Bajaj Finance, and Titan.
“Markets finished the final session of the year on a high note, following stable global markets and encouraging local cues. Nifty maintained a positive tone throughout the session, reaching a high of 17,359.75 after opening gap-up. finished up 1.63 percent. The shift was made possible by all industries, but energy, information technology, and banking stand out. According to Ajit Mishra, VP – Technical Research, Religare Broking Ltd., investors are awaiting macroeconomic readings such as current account data and external debt. “In line with the trend, the market breadth was also strongly inclined towards further upside.”