- Seven of top-10 firms lose Rs 1.16 trn in mcap; Reliance worst hit
- China's $5 trillion rout creates historic gap with Indian stocks
- India Inc's credit rating upgrade momentum continues in first half of FY23
- High inflation keeps Wall Street, global stocks muted to end brutal quarter
- Sebi clears slew of proposals; mandates tighter disclosure norms for IPOs
- Markets rebound after seven-day losing streak; Sensex zooms 1,000 pts
- Auto, banks rule the roost in H1FY23; IT and metal stocks laggards
- Markets regulator Sebi rolls out framework for portfolio managers
- Sebi approves new option for appointment, removal of independent directors
- Sebi bars entities, individuals for unauthorised advisory services
Sensex up 364 pts, Nifty tops 15,850; auto, IT, realty stocks march ahead
In the broader markets, both, the BSE MidCap and SamllCap indices hit record highs of 23,342 and 27,106, respectively earlier in the trade
Stock market updates: Propelled by solid buying in realty, IT, auto, and select PSU bank stocks, equity markets skyrocketd on Monday. Besides, a stable global mood further cemented position of market bulls.
MSCI's main European Index rose around 0.8 per cent, while the STOXX 600 hit a new all-time high, up 0.7 per cent. In Asia, Nikkei jumped 2 per cent, Kospi rallied 0.65 per cent, and Hang Seng added 1 per cent.
Back home, the frontline S&P BSE Sensex zoomed 364 points, or 0.69 per cent, to close at 52,951 levels while the broader Nifty50 shut shop at 15,885-mark, up 122 points.
In the broader markets, both, the BSE MidCap and SmallCap indices hit record highs of 23,342 and 27,106, respectively earlier in the trade. They ended at 23,331 and 27,072, up 1 per cent each. Sectorally, all the indices ended in the green, led by the Nifty Realty index (up 5 per cent), and the Nifty Auto index, up 1.4 per cent.