Sensex jumps 1,200 points: 3 things to know about today's stock market bull run

The BSE Sensex climbed 1,193.90 points to cross 78,340.07, while the NSE Nifty advanced 371.50 points to reach 23,721.40.

In Short

• Financials, IT, and energy stocks drive market's strong recovery
• Adani stocks rebound amid fraud and bribery allegations
• Rs 5.5 lakh crore added to BSE market capitalisation today

The domestic stock market witnessed a sharp rally on Friday, with the Sensex surging over 1,200 points and the Nifty breaching the 23,700 mark. Here are three key highlights from the day’s market performance:

The BSE Sensex climbed 1,193.90 points to cross 78,340.07, while the NSE Nifty advanced 371.50 points to reach 23,721.40. The strong recovery in domestic equities added over Rs 5.5 lakh crore to the BSE’s market capitalisation.

FINANCIALS, IT, ENERGY STOCKS GAIN

Gains were driven by banking, financials, IT, and energy stocks. Major contributors included ICICI Bank, SBI, Reliance Industries, Infosys, and TCS. Collectively, the rally added Rs 5.52 lakh crore to the BSE’s market capitalisation, now at Rs 430.91 lakh crore.

ADANI STOCKS REBOUND

Adani Group shares rebounded sharply after falling sharply in early trade and the previous session.

Flagship Adani Enterprises rose 2.5%, while Ambuja Cement and ACC jumped 6% and 4%, respectively. The recovery followed the group’s dismissal of bribery and fraud allegations against its chairman Gautam Adani as "baseless," restoring some investor confidence.

FII-DII TRENDS

Market breadth remained positive, with 2,365 stocks advancing on the BSE, while 147 stocks hit 52-week highs. Foreign institutional investors (FIIs) sold Rs 5,320.68 crore worth of shares in the previous session, but domestic institutional investors (DIIs) countered this with net purchases of Rs 4,200.16 crore.

Sectoral indices like Nifty IT, Financial Services, and Oil & Gas outperformed, posting gains between 1.3% and 1.7%.