Market Highlights, July 12: Sensex up 622pts, ends atop 80,500; Nifty holds 24,500; IT stocks blind | News on Markets – Journal Important Online

Closing discoverer on Friday, July 12, 2024: Benchmarks Sensex, and Nifty50 indices chromatic to achievement highs on weekday raised by a solidified feat in aggregation profession (IT) stocks. The BSE Sensex impact surged nearly 1,000 points intraday to impact a achievement broad of 80,893.5, patch the Nifty50 zoomed to 24,592 aweigh of the CPI inflation accumulation for June.

TCS shares soared nearly 7 per coin today after it posted better-than-expected June lodge (Q1) results for FY25, hinting at a doable obligation revival. Infosys, Tech M, and HCL Tech followed meet with up to 3.4 per coin gains. That apart, coalition Bank, RIL, JSW Steel, and Bajaj twins additional up to 1.4 per cent, aiding the sentiment.

By close, the BSE Sensex stood at 80,519, up 622 points, and the Nifty50 closed class at 24,502, up 196 points.

Both the benchmarks modern up to 0.77 per coin as against a 0.22 per coin dip the BSE MidCap and 0.13 per coin in the BSE SmallCap. 

Among sectors, the Nifty IT finger rallied 4.5 per cent, and the Nifty Media gained 2 per cent. On the downside, the Nifty Realty finger lapse 1.5 per cent.