The Sensex skyrocketed by 1,439.55 points to close at 82,962.71, while the Nifty surged by 395.40 points, closing at 25,313.85. Out of the Nifty50 companies listed, 49 saw gains, with only one stock ending the session in the red.
Indian markets opened with gains on Thursday, despite selling pressure in major global stock markets. Both indices registered marginal increases at the opening.
A study conducted by markets regulator SEBI found a strong disposition effect, with investors showing a greater propensity to sell IPO shares that posted positive listing gains, compared to those that listed with a loss.
Indian stock markets started September with gains as both indices opened positively on Monday. The Nifty 50 index opened with a gain of 97.70 points or 0.39 per cent at 25,333.60, while the BSE Sensex index began the week with a gain of 0.44 per cent or 359 points at 82,725.28 points.
Indian stock indices settled the week's trade on a high, keeping the gains that were accumulated throughout the day intact. The indices were supported by continued buying by foreign portfolio investors.
The Hurun India Rich List 2024, released on Tuesday, revealed shifts in the wealth landscape, with Indian tycoons Gautam Adani and Mukesh Ambani making headlines for their remarkable gains.
The Nifty touched a record high at 25,174.55 and Sensex rose to 82,220.68. The indices opened almost flat with a mixed response from both indices in the opening hour.
Congress MP Manickam Tagore hit out at the BJP and alleged that it was politicising the rape and murder case of the trainee female doctor at RG Kar Medical College and Hospital for political gains stating that this would not help anyone.