Bulls drive Nifty past 25,200; Sensex gains 595 points

At the stock market, the bulls were back in action, leading Nifty to reclaim 25,200. This was led by buying across the sectors.

At close, Sensex was up 594.95 points or 0.73% at 82,380.69, and the Nifty was up 169.90 points or 0.68% at 25,239.10. BSE Midcap and smallcap indices rose 0.6% each.

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The overall market capitalisation of BSE-listed firms rose to nearly Rs 463 lakh crore from Rs 460 lakh crore in the previous session.

All sectoral indices ended higher, except for Nifty FMCG, which declined 0.27%.

Nifty Auto was up 1.44%, Realty was up 1.07%, Nifty Oil & Gas was up by 0.86%, Media was up 0.86%, IT was up by 0.86%, Metal was up by 0.83% and Consumer Durables was up by 0.80%.

Nifty Bank climbed 0.47%, Private Bank up by 0.78%, and the Financial Services index ended 0.39% higher.

Ahead of the GST rate cuts coming into effect from September 22, Nifty Auto also witnessed an uptick.

Around 155 stocks hit their 52-week highs, while in contrast, 55 stocks touched 52-week lows.

Those on the highs included Aadhar Housing Finance, Authum Investment & Infrastructure Ltd, Anand Rathi Wealth Ltd, Dalmia Bharat Ltd, Eicher Motors Ltd, Fortis Healthcare Ltd, Godfrey Phillips India Ltd, JSW Steel Ltd, Manappuram Finance Ltd, Maruti Suzuki India Ltd, and Zydus Wellness Ltd.

The notable mentions on lows were Alphalogic Techsys Ltd, Anik Industries Ltd, Dhruv Consultancy Services Ltd, and Medicamen Biotech Ltd.

Some of the key performances on Nifty included Transrail Lighting share shedding nearly 2%, Suzlon shares gained 2%, Sanghvi Movers share price surged 4%, and NCC shares gained 2%.

Further, the Insolation Energy shares rose 1.6%, Patel Retail shares slipped 4%, and John Cockerill India shares added 3%.

Market sustained its recovery trend, supported by favourable global cues on expectations of a 25 bps rate cut in the forthcoming US Fed policy decision.