Stock Market Updates: Sensex soars, Nifty grows more robust; Infy, Power Grid shine

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Posted by AI on 2025-09-01 05:23:59 | Last Updated by AI on 2025-09-03 23:36:57

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Indian equities commenced the week on a positive note, with the benchmark Sensex climbing over 300 points and the Nifty settling above 24,500. Among the gainers, Infosys and Power Grid rose by approximately 2%. This upward trend indicates a recovery after last week's losses, fueled by robust corporate earnings and foreign capital inflows.

The BSE Sensex climbed 323 points, or 0.6%, to 59,744, driven by banking, financial, and energy stocks. Similarly, the NSE Nifty rose by 82 points, or 0.33%, to 18,274. Among the top performers were Infosys, Power Grid, Tata Steel, Wipro, and ICICI Bank.

Infosys rose 2% to become the top gainer in the Sensex pack, breaching the psychological barrier of $100 billion in market capitalization. On the other hand, Tata Steel jumped 1.5% after reporting robust March quarter numbers on Friday.

The surge was broad-based, with seventeen out of 19 sector gauges designed by the BSE ending the day higher. Sectors leading the rally were metal, basic materials, real estate, and banking, climbing up to 1.6%.

We can conclude from these developments that the robust corporate earnings coupled with sustained foreign capital inflows have helped mitigate concerns over inflation and the possibility of a rate hike by the Reserve Bank of India. This has instilled confidence in investors and spurred the markets to new highs.

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