Market Close Highlights, Sept 23: Sensex adds 384 pts; Nifty ends near 25,950; PSB index soars 3%

Stock Market Highlights: 34 out of 50 constituent stocks on Nifty50 ended higher with gains led by Bajaj Auto, Mahindra & Mahindra, ONGC, Hero MotoCorp, and SBI Life Insurance

Stock Market Highlights, Monday, September 23, 2024:  Indian benchmark indices, the BSE Sensex and NSE Nifty50, surged to historic highs before settling at record closing high levels on Monday. The Sensex added as much as 384.30 points or 0.45 per cent to settle at 84,928.61. The index scaled a record high of 84,980.53 during intraday trade.

Mirroring the Sensex, Nifty50 touched an all-time high of 25,956, just 44 points shy of 26,000, before ending Monday's session with a gain of 148.10 points or 0.57 per cent at 25,939.05.

34 out of 50 constituent stocks on Nifty50 ended higher with gains led by Bajaj Auto, Mahindra & Mahindra, ONGC, Hero MotoCorp, and SBI Life Insurance Company, of up to 3.66 per cent.

Conversely, Eicher Motors, ICICI Bank, Divi's Labs, Wipro, and IndusInd Bank were among the 16 stocks that ended in the red on Monday. 

Broader indices, too, ended in the green, in tune with the benchmark, as the Nifty Smallcap 100 index rose 1.12 per cent, and the Nifty Midcap 100 index gained 0.84 per cent at close on Monday. The Nifty Midcap 100 index also scaled its all-time high of 60,759.45 during intraday trade on Monday.

From the BSE space, 20 out of 30 constituent stocks ended in the green, with the gains led by Mahindra & Mahindra, State Bank of India, Bharti Airtel, Kotak Mahindra Bank, and Hindustan Unilever, up to 3.29 per cent. Meanwhile, ICICI Bank, IndusInd Bank, and Asian Paints were among the 10 stocks that ended lower, with a loss of up to 1.25 per cent.

All sectoral indices, barring Nifty IT, ended in the green, with the Nifty PSU Bank index outperforming others. The Nifty PSU Bank index ended higher by 3.41 per cent on Monday.