Nifty scales record high, Sensex jumps 500 points

Sensex jumped over 500 points at 67,490 mark. Nifty hit all-time high, up 140 points at 20273 level. Approximately 1597 stocks advanced, 805 declined, and 102 remained unchanged.

Bulls charged on Dalal Street, following better-than-expected GDP growth of 7.6 percent in the second quarter.

At 12:17 PM, Sensex jumped over 500 points at 67,490 mark. Nifty hit all-time high, up 140 points at 20273 level.

Approximately 1597 stocks advanced, 805 declined, and 102 remained unchanged.

Reduced geopolitical tensions led to optimism with declining US bond yields and a weaker dollar. 

FIIs remained buyers for the fourth straight session, buying around Rs 10,000 crore worth of shares, according to NSDL data. On November 30, they bought around Rs 8,150 crore worth of shares, according to provisional data from National Stock Exchange.

India strengthened its position as the fastest-growing major economy by recording a 7.6 percent GDP growth in the September quarter, mainly led by the robust performance of the manufacturing sector.

The latest GDP data surpassed the Reserve Bank of India’s Monetary Policy Committee projection. The economy grew 7.8 percent in the first quarter of FY24 and 6.3 percent in the second quarter of FY23.

Flair Writing Industries stock lists at 66% premium over issue price

Among the sectors, buying was seen in media, realty and banking & financial services space while the IT index remained under pressure.

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_{Flair Writing Industries IPO makes impressive debut}

Flair Writing Industries made an impressive market debut, listing at a premium of 66 percent over the issue price. The stock commenced trading at Rs 490 on the NSE and Rs 505 on the BSE.

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