Record-Breaking Rally: Nifty, Sensex, and Bank Nifty Soar to New Heights Today
Sensex and Nifty Today 4 December 2023: Indian stock markets ended with significant gains on Monday, rising for the fifth consecutive session. The Sensex, Nifty, and Bank Nifty traded on a strong note and hit a record-high level.
A massive victory for the Bharatiya Janta Party (BJP) in three out of the four state elections has boosted sentiment in the Indian markets. Sentiments remained upbeat as the finance ministry stated that Goods and Services Tax (GST) collections jumped 15 percent to nearly Rs 1.68 lakh crore in November 2023 on increased domestic activity and festive season buying.
Some support also came from the positive global cues and as FIIs continued their buying spree for the last seven days.
Sensex and Nifty Today
The Nifty index closed higher by 418.90 points or 2.07 percent and closed at 20686.80 levels while the Sensex was up by 1383.93 points or 2.05 percent and finished at 68865.12 levels. The Bank Nifty index ended higher by 1617.25 points or 3.61 percent on the spot level and closed at 46431.40 levels.
The broader markets also closed higher today, as the Nifty midcap index was up by 536.20 points or 1.24 percent and closed at 43918.60 levels. The Nifty smallcap index ended higher by 198.40 points or 1.39 percent at 14437.70 levels.
Nifty50 Top Gainers & Losers
The top gainers in the Nifty50 index were either Motors, Adani Enterprise, Adani Ports, BPCL, and ICICI Bank, and the top losers were HDFC Life, Britannia, Wipro, Titan, and Sun Pharma.
The top gainers in the Nifty midcap index were Hind Petro, Prestige, and ACC and the top losers were Zeel, Lupin, and Policy Bazar.
The smallcap top gainers were Cyield, Central Bank, and CESE while the top losers were Bikaji, AngelOne, and Glenmark.
The most active stocks in the Nifty index in terms of value were HDFC Bank, ICICI Bank, and Reliance. The most active stocks in terms of volume were Tata Steel, ICICI Bank, and ONGC.
On the sectoral front, Bank, Financial Services, and Energy closed higher while the sectors that closed in the red were Media and Pharma.
Global Stock Market Updates Today
The other Asian stock market indexes were closed mixed on Monday, tracking positive cues from Wall Street on Friday, and as investors are looking ahead for the key economic data on Tuesday. Japan’s Nikkei ended lower by 0.73% ahead of the Tokyo inflation data due on Tuesday. Australia’s S&P ASX 200 index gained 0.73% ahead of the Reserve Bank of Australia’s interest rate decision on Tuesday.
South Korea’s Kospi added 0.40% ahead of the inflation rate scheduled on Tuesday. Shanghai closed lower by 0.29% while Hang Seng extended early losses and closed lower by 1.17%. Elsewhere, the Straits Times and SET Composite closed slightly higher while Taiwan ended marginally lower on Monday.
European stock markets are trading with little changes on Monday following mixed cues from the Asian markets and as gold prices pushed to record highs. Investors are also looking ahead for US job data later this week.
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Editorial desk
