STOCK MARKET

Stock Market Updates: Sensex Jumps 350 pts, Nifty Above 19,550; Paras Defence Up 12%

STOCK MARKETS

Domestic markets started Thursday’s trade on a positive note, amid strong global cues.

Sensex Today: Domestic markets started Thursday’s trade on a positive note, amid strong global cues.

Read More: IDFC First Bank Stock Doubles Investors’ Money In One Year. Is More Steam Left?

Frontline indices the S&P BSE Sensex surged over 200 points too trade around 65,662 levels, whereas Nifty50 climbed over 50 points to trade above 19,500 levels.

Broader markets, too, exhibited strength as Nifty Midcap 100 and Nifty Smallcap 100 indices rose up to 0.7 per cent. Volatility gauge, India VIX, meanwhile, eased 6 per cent.

Read More: Markets pare early gains; trade lower amid continuous foreign fund outflows

All sectors traded in a sea of green, with Nifty Metal, Nifty PSU Bank, and Nifty Media indices gaining up to 1 per cent.

The stock hit 5 per cent lower circuit on the BSE for the fourth consecutive day after listing on exchanges.

Read More: Stocks To Watch: Reliance Industries, NHPC, Coforge, Torrent Pharma, P&G Health, Vascon Engineering

The stock declined 5 per cent on the BSE after the company reported 28 per cent year-on-year (YoY) fall in net profit to Rs 29.8 crore in Q1FY24.

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