The Indian stock market made a strong recovery this week bringing relief to investors. After facing losses in the previous week Sensex and Nifty bounced back due to positive global signals. Financial, healthcare and automobile stocks saw heavy buying that lead to a sharp market rise. The Sensex gained nearly 500 points while the Nifty crossed the 22,500 mark marking a positive trend.

Market Opens on a Strong Note  

At the start of trading, the BSE Sensex remained flat at 73,830.03 points similar to the previous close of 73,828.91 points. However increased buying activity pushed Sensex and Nifty upward. The Sensex reached an intraday high of 74,376.35 points before closing at 74,169.95 gaining 341.04 points. The Nifty also rose by 111.55 points closing at 22,508.75.

The Indian rupee gained 23 paise against the US dollar settling at 86.82. A stronger rupee benefits the economy by making imports cheaper and also by attracting foreign investments.

Top Gainers and Losers  

Among Sensex 30 stocks, Bajaj Finserv, Mahindra & Mahindra and Axis Bank performed exceptionally well. Bajaj Finance and Adani Ports also recorded notable gains. But stocks like ITC, Nestle India, SBI, Reliance and Asian Paints faced losses as investors opted to sell.

Global Market Trends

Brent crude oil was trading at $71.26 per barrel while gold prices remained high at $3,004 per ounce. These international trends influenced Sensex and Nifty contributing to the stock market’s movement.

The stock market’s positive performance has boosted investor confidence. Experts advise caution while Sensex and Nifty showed strong growth. Investors should analyze market trends and seek expert guidance before making investme

nt decisions.

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