The Nifty 50 index was seen hovering above the crucial 24,450 level, reflecting broad-based buying across various sectors. Similarly, the Sensex surged by 111 points to settle at 66,349, powered mainly by gains in key blue-chip stocks.
Realty stocks stood out as the top performers, driven by optimism surrounding the housing sector amid favorable government policies and increased demand for residential properties. DLF, Godrej Properties, and Embassy Office Parks saw sharp gains, contributing to the overall market rally.
Financial stocks also witnessed a notable uptick, with major banks and financial institutions recording substantial gains. HDFC Bank, ICICI Bank, and Kotak Mahindra Bank were among the top contributors to the index's rise, as investor sentiment remained bullish on the financial sector’s growth prospects.
Other sectors, including information technology and consumer goods, also saw positive movement, though the rally was more pronounced in realty and financial stocks.
Analysts remain optimistic about the market's outlook, citing robust economic indicators and the steady growth trajectory of key sectors. However, they also caution about potential volatility, urging investors to stay vigilant and diversify their portfolios.
As the trading day closed, the Nifty ended at 24,463, while the Sensex wrapped up at 66,349, maintaining a solid upward trend in the market.