Key stock indices concluded Monday’s trading session in the green. The BSE Sensex gained 1383.93 points (2.05%) to close at 68,863.93, while the NSE Nifty 50 increased by 418.90 points (2.07%) to reach 20,686.80.
The BJP’s victory in the Madhya Pradesh, Rajasthan, and Chhattisgarh elections strengthened the optimistic mood in the market that was created the previous week.
Monday’s transaction was dominated by bulls, who drove the index upward right away. Every sector ended the day higher than it started, with the exception of the media and pharmaceutical industries. The best-performing sectors were banking and energy. But because buying interest in index-based equities remained concentrated, mid- and small-cap indices underperformed.
The intraday trading saw a noteworthy 3.44% increase in the Nifty Oil & Gas index. With an increase of 8.23%, Hindustan Petroleum Corporation topped the gains, followed by increases of more than 5% for BPCL, GAIL, and OIL.
On the NSE Nifty 50 index, Adani Enterprises, Adani Ports, BPCL, L&T, and ONGC emerged as top gainers. Adani Ports & Special Economic Zone (APSEZ) witnessed a remarkable 6.71% surge, reaching Rs 883.35, following the announcement of strong cargo volumes, up 42% YoY in November 2023.
Adani Enterprises, Adani Ports, BPCL, L&T, and ONGC were the biggest gainers on the NSE Nifty 50 index. In November 2023, Adani Ports & Special Economic Zone (APSEZ) saw an astounding 6.71% increase, hitting Rs 883.35, after high cargo volumes up 42% YoY were announced.
