Sensex jumps 1,200 points, investors earn ₹5 lakh crore— 10 key highlights from Indian stock market today

An across-the-board buying spree engulfed the Indian stock market on Thursday, May 15, lifting the benchmarks—the Sensex and the Nifty 50—by over 1 per cent each.

The Sensex closed 1,200 points, or 1.48 per cent, higher at 82,530.74, while the Nifty 50 ended with a gain of 395 points, or 1.60 per cent, at 25,062.10. The BSE Midcap index closed 0.67 per cent higher, while the Smallcap index rose 0.94 per cent.

Due to the solid gains in the market, investors earned about ₹5 lakh crore in a single session; the overall market capitalisation of BSE-listed firms rose to ₹440 lakh crore from nearly ₹435 lakh crore in the previous session.

Here are 10 key highlights from the stock market today:

Value buying in heavyweight stocks amid a healthy macroeconomic outlook, expectations of an imminent trade deal between the US and India and largely better Q4 numbers are some of the key factors behind the market rally.

"The market staged a robust rebound, closing with substantial gains, driven by a decline in domestic inflation and positive signals from the US regarding a potential trade agreement with India," said Vinod Nair, Head of Research, Geojit Investments Limited.

"The benchmark index outperformed the broader market, buoyed by growing optimism around reduced operational costs and a potentially more accommodative monetary policy stance," said Nair.

As many as 49 stocks ended with gains in the Nifty 50 index, with Hero MotoCorp (up 6.17 per cent), JSW Steel (up 4.82 per cent), and Tata Motors (up 4.30 per cent) ending as the top gainers.

IndusInd Bank (down 0.17 per cent) was the only stock in the Nifty 50 index that ended lower on Thursday.

All sectoral indices ended with gains on Thursday.

Nifty Bank jumped 1 per cent, while the Financial Services index rose 1.29 per cent.

Nifty Realty, Auto and Metal indices rose almost 2 per cent each.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

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