Indian Stock Market Sees Significant Gains with Sensex Rising 500 Points and Nifty 50 Exceeding 24,400
Market Continues Uptrend as Sensex, Nifty 50 Extend Gains for Fourth Consecutive Session
On Monday, 6 July, the Indian stock market continued its upward momentum, with the frontline indices, Sensex and Nifty 50, recording gains for the fourth consecutive session. The revival of the monsoon and Foreign Institutional Investors (FIIs) turning buyers this month have underpinned investor risk appetite.
The Sensex ended the session at 78,285, a gain of 521 points or 0.67%, while the Nifty 50 closed at 24,430, up 160 points or 0.66%. The mid and small-cap segments also rose, with the Nifty Midcap 100 and Smallcap 100 indices closing with gains of 0.45% and 0.75%, respectively.
Investors earned over ₹2 lakh crore in a single session as the overall market capitalisation of BSE-listed firms rose to ₹482 lakh crore from ₹480 lakh crore in the previous session. Over the last four sessions, the Sensex has gained over 1,800 points or 2.4%, while the NSE counterpart has risen by 565 points or 2.4%. Investors have earned ₹8 lakh crore in the period, as the market capitalisation of firms listed on the BSE was ₹474 lakh crore on 30 June.
