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  5. NIFTY50 jumps over 360 points, SENSEX rises 1000 points to reach 81,000

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NIFTY50 jumps over 360 points, SENSEX rises 1000 points to reach 81,000

Upstox
By Upstox News Desk

2 min read | Updated on July 26, 2024, 13:25 IST

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SUMMARY

NIFTY50 logs its best single-day gain in the last 33-trading sessions, surging over 360 points on Friday. Nifty IT and Nifty Pharma hit a fresh all-time high, while shares of Infosys reached a new two-year high. Market breadth remains strong, supported by broad participation.

Stock list

INFY
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RELIANCE
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TCS
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BHARTIARTL
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NIFTY50 slips below 24,400, Nifty Bank hits one-month low dragged by ICICI Bank and HDFC Bank

NIFTY50 slips below 24,400, Nifty Bank hits one-month low dragged by ICICI Bank and HDFC Bank

After a strong start to Friday’s session, Indian equity benchmarks have amplified their gains. The frontline indices NIFTY50 and SENSEX are trading up by 1.5% and 1.2%, respectively, in the mid-day session. With this rally, the NIFTY50 index has recorded its sharpest single-day gain in the last 33 trading sessions and trading above its 20-DMA. Currently, the NIFTY50 and SENSEX are trading at 24,750 and 81,000 level, respectively.

The India VIX has declined by 4% on Friday, trading close to the 12-mark, indicating that volatility is subsiding. Key contributors to the NIFTY50 index in today’s session are Infosys (+2.39%), Bharti Airtel (+2.78%), Reliance Industries (+0.84%) and TCS (+2.01%). Notably, shares of Infosys have hit a fresh two-year high.

Friday’s rally has seen broad market participation, with all the sectoral indices trading in green. Nifty Metal (+2.68%) and Nifty IT (+1.97%) are leading the charge. The Nifty Metal index has experienced its sharpest single-day surge since June 5, 2024. Additionally, Nifty IT (+1.97%) and Nifty Pharma (+1.68%) have marked fresh all-time highs, with all constituents trading positively.

The broader market indices are buoyant as well. The Nifty Midcap 100 index is up by 1.79%, registering its steepest rise in the single-day since June 6. The Nifty Smallcap 100 is trading higher by 0.95% and has reclaimed its 20-DMA. Market breadth is strong, with 1,808 stocks advancing compared to 494 stocks declining.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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