Sensex up 455 pts, Nifty Crosses 25,000; Auto Stocks Rally — All You Need to Know
Dalal Street closed with significant gains, led by a rally in auto stocks. Optimism in equities was largely driven by US President Donald Trump's call to pause 50% tariffs on goods imported from the European Union (EU).
Sensex up 455 pts, Nifty Crosses 25,000; Auto Stocks Rally — All You Need to Know
Dalal Street closed with significant gains, led by a rally in auto stocks. Optimism in equities was largely driven by US President Donald Trump's call to pause 50% tariffs on goods imported from the European Union (EU).
Sensex was up by 455 points or 0.56% to close at 82,176.45, while Nifty settled at 25,001, a rise of 148 points or 0.6%.
The market capitalisation of BSE-listed companies touched ₹1.98 lakh crore.
Gainers and losers
Shares of BEML soared 11.5%, followed by Shilpa Medicare (13%). Lloyds Enterprises shares surged by 11.35%.
Among the Nifty50 pack, 38 stocks gained, while 12 declined. Bajaj Auto, JSW Steel and M&M were the top gainers. Eternal, UltraTech Cement and Kotak Mahindra Bank were the top losers.
How did global markets perform?
Nikkei settled at 37,531.53, about 1% higher, its biggest one-day rise in two weeks. This comes on the back of easing trade tensions between the United States and the European Union.
The Hang Seng Index fell by 1.4% to close at 23,282.33. Shanghai Composite index shed 0.1% to 3,346.84.
US President Donald Trump delayed the implementation of a 50% tariff on European Union (EU) imports from June 1 until July 9.
