Stock Market Highlight: Sensex rises 485 points due to US trade deal, Nifty closes above 25,850
The market remained enthusiastic due to excellent global signals and in the end Sensex-Nifty closed with good gains. There was good buying in midcap and smallcap stocks while buying was seen in PSU bank, realty, defense stocks. Metal, pharma, auto indices closed with gains. PSE, IT index closed with slight decline.
On Nifty, State Bank of India, Shriram Finance, Tata Steel, Tata Motors Passenger Vehicles, Hindalco Industries were among the top gainers, while Max Healthcare, Power Grid Corporation, ITC, ICICI Bank, Nestle India were among the losers. Nifty Midcap index rose 1% and Smallcap index rose 2%.
All sectoral indices closed in the green with Media, Consumer Durables, Realty, PSU Bank, Metal up 1-3%.
At the end of trading, the Sensex closed at 84,065.75 with a gain of 485.35 points or 0.58 percent. Nifty closed at 25,867.30 with a gain of 173.60 points or 0.68 percent.