Sensex Jumps 787 Points, Nifty Nears 23,000; Broad Market Rally Despite Reliance Drag

• Indian equity markets closed strong, with Sensex gaining 787.30 points (1.07%) to 74,106.85 and Nifty climbing 255.15 points (1.12%) to 22,968.25.
• The market saw broad-based buying, with 2,511 stocks advancing against 746 declines, indicating strong participation across sectors.
• Top Sensex gainers included Trent (+7%), Axis Bank (+3.8%), Titan (+3.6%), UltraTech Cement (+3.1%), and Larsen & Toubro (+3.1%).
• Reliance Industries was the sole major laggard, falling over 3%, which limited further gains in the benchmark indices.
• Financials, cement, and consumption stocks led the rally, while NIFTY MIDCAP 100 and NIFTY SMALLCAP 100 also gained around 1%.

Key Questions Answered

Will this market rally continue next week?

The market's direction next week will be determined by RBI policy decisions, global data, West Asia tensions, oil prices, and foreign investor sentiment.

What caused Reliance Industries to fall today?

Reliance Industries fell today due to broader market declines driven by geopolitical tensions and higher crude oil prices.

How do midcap and smallcap stocks perform now?

Midcap and smallcap stocks are largely in the red due to market declines over the past month.