Stock Market Today: Sensex, Nifty clock strong gains on all-round buying; investors richer by over ₹4L crore in a day
Positive global cues and gains in shares of banking and financial heavyweights, including HDFC twins, ICICI Bank, Bajaj Finance, Kotak Mahindra Bank and Axis Bank along with oil-to-telecom-to-retail behemoth Reliance Industries boosted domestic market benchmarks on May 8 as both Sensex and Nifty closed over a per cent higher.
Sensex closed at 61,764.25, up 710 points, or 1.16 per cent while the Nifty closed the day with a gain of 195 points, or 1.08 per cent, at 18,264.40.
Mid and smallcaps also rose but underperformed the benchmarks; the BSE Midcap index rose 0.94 per cent while the Smallcap index clocked a gain of 0.56 per cent.
The overall market capitalisation of BSE-listed firms jumped to ₹276.1 lakh crore from ₹271.8 lakh crore in the previous session, making investors richer by ₹4.3 lakh crore in a single session.
Bylivemint
