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Capital Investo Research

3rd Jul · SEBI-Registered Analyst

Today Sensex surges 550+ points, Nifty crosses 24,350 as IT and pharma stocks lead the rally

Indian benchmark indices traded strongly higher during late morning trade on Friday, driven by robust buying interest in IT and pharmaceutical stocks. The Sensex climbed 5500.96 points t, while the Nifty 50 advanced 180 points Market sentiment remained upbeat, with 2,117 stocks advancing compared to 1,470 declining. The rally was primarily powered by gains in IT, pharma, and realty stocks, while the metal sector also posted healthy gains. Broader markets stayed positive, with mid-cap and small-cap indices trading in the green. Meanwhile, the India VIX dropped more than 3%, indicating easing market volatility and improving investor confidence. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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