Investors cheered as the benchmark indices of the Indian stock markets Sensex and Nifty 50 rose more than 1%.
The rise is supported by all market capitalisation companies but led by large-cap ones with the large-cap index Nifty 50 up by 1.14%, midcap index up by 0.98%, and the small-cap index up by 0.59%
Not surprisingly, the fear index of the Indian capital markets India Vix is red with the change being -4.41%.
Financial sectors are leading the rise with the indices Nifty Financial Services being up by 2.39%, Nifty Bank up 2.91%, Nifty PSU Bank being up by 2.96%, Nifty Private Bank being up by 2.67%.
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These sectors are supported by realty as the index for this sector Nifty Realty is up by 1.53%.
Other sectors are lying in the range of change of -0.25% to 0.25%, namely FMCG, IT, Media, Metal.
Pharma is the noteworthy laggard today with it showing a change of -0.47%.
It is noteworthy that CPSE stocks are down with the index Nifty PSE showing -0.45%.
The top gainers from Nifty 50 are State Bank of India, UPL, Indusind Bank, ICICI Bank, and Bajaj Financial Services.
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The top losers are Cipla, Larsen & Toubro, Bharti Airtel, SBI Life, and Sun Pharma.