Home / Business and Economy / Indian Markets Surge: Sensex, Nifty Climb Over 1%
Indian Markets Surge: Sensex, Nifty Climb Over 1%
13 Jul
Summary
- Sensex and Nifty gained over 1 percent on July 10.
- Realty and IT sectors were the top performers.
- Broader markets outperformed benchmarks, hitting new highs.
Indian equity benchmarks, the Sensex and Nifty, experienced a significant recovery on July 10, marking their second consecutive session of gains. Both indices saw an increase of approximately 1 percent amid positive global sentiment and widespread buying across various sectors.
The Nifty 50 reached an intraday peak of 24,228.45. By the market close, the Sensex had risen by 827.57 points, or 1.08 percent, to settle at 77,569.39. The Nifty closed higher by 244.10 points, or 1.02 percent, at 24,206.90.
Driving the rally, the IT sector saw gains, particularly after Tata Consultancy Services (TCS) announced its June quarter earnings. The realty sector emerged as the strongest performer, with the Nifty Realty index surging by 3.5 percent, followed by the Nifty PSU Bank index, which advanced 3 percent.
Broader market indices also demonstrated strength, outperforming the benchmarks. The Nifty Midcap 100 climbed 1.4 percent and the Nifty Smallcap 100 advanced 1.5 percent, with both scaling fresh record highs. For the week, however, both the BSE Sensex and Nifty registered a slight decline of 0.2 percent each.
