News

An across-the-board buying spree lifted the Indian stock market on Monday, April 28, helping the benchmarks — the Sensex and the Nifty 50 — snap their two-day losing streak and end with solid gains of over one percent each.

The Sensex jumped 1,006 points, or 1.27 per cent, to close at 80,218.37, while the Nifty 50 ended the day with a solid gain of 289 points, or 1.20 per cent, at 24,328.50.

The BSE Midcap and Smallcap indices ended 1.34 per cent and 0.39 per cent higher, respectively.

Investors' wealth swelled by more than ₹4 lakh crore in a day as the overall market capitalisation of the firms listed on the BSE rose to nearly ₹426 lakh crore from ₹421.6 lakh crore in the previous session.

Let's take a look at 10 key highlights of the stock market today:

Despite prevailing tension between India and Pakistan, the domestic market rallied on hopes that India would avoid a hyper-aggressive, retaliatory, war-like response.

Easing trade war tensions between the US and China is also a key positive for the markets globally. Foreign capital inflow, healthy buying in Reliance and banking heavyweights, such as HDFC Bank, ICICI Bank, Axis Bank and SBI, also supported the market to end with significant gains.

As many as 39 stocks ended higher in the Nifty 50 index today, among which Reliance Industries (up 5.07 per cent), Sun Pharmaceutical Industries (up 3.07 per cent) and JSW Steel (up 2.91 per cent) ended as the top gainers.

Shares of Shriram Finance (down 5.13 per cent), Eternal (down 0.92 per cent) and UltraTech Cement (down 0.89 per cent) ended as the top losers.

More to come…

Read all market-related news here

stories by Nishant Kumar

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.