Sensex Rises Over 100 Points, Nifty 50 Closes at 23,659
Indian Stock Market Rides on Reliance's Gains to End Slightly Higher
The Indian stock market benchmarks, the Sensex and the Nifty 50, ended with a slight gain on Wednesday, 20 May. The Sensex closed at 75,318.39, a gain of 118 points, or 0.16%, while the Nifty 50 settled at 23,659, up 41 points, or 0.17%.
| Index | Previous Session | Current Session | Gain/Loss |
|---|---|---|---|
| Sensex | 75,200.21 | 75,318.39 | +118 (0.16%) |
| Nifty 50 | 23,618 | 23,659 | +41 (0.17%) |
| BSE 150 Midcap | - | +0.51% | |
| BSE 250 Smallcap | - | +0.09% |
The BSE 150 Midcap index outperformed the benchmark, rising by 0.51%, while the BSE 250 Smallcap index inched up by 0.09%. The overall market capitalisation of BSE-listed firms rose to over ₹461 lakh crore from ₹459.65 lakh crore in the previous session, with investors earning more than ₹1 lakh crore in a single session.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Reliance Industries was the top contributor to the market's gains, with its shares rising 3%. Other stocks that ended higher in the Sensex index include Bajaj Finserv, Trent, IndiGo, and Axis Bank. On the other hand, BEL, Tech Mahindra, Eternal, and Tata Steel were the top losers in the index.
Investor Takeaway
Investors should be cautious of the market's volatility and keep a close eye on the performance of key stocks.
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