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The Indian stock market experienced a robust rally on Tuesday, September 10, with the Sensex surging 362 points to close at 81,921 and the Nifty gaining 105 points to finish at 25,041. This positive sentiment was fueled by various sectoral gains and encouraging macroeconomic developments.
The Midcap Index outperformed significantly, rising 692 points to reach 59,039, while the Nifty Bank Index also saw a substantial increase of 155 points to 51,272. This broad-based upward trend indicates a healthy market environment with strong investor confidence.
IT stocks played a crucial role in driving the market's gains. Coforge saw a notable jump of over 5% after MOSL upgraded its rating to 'Buy.' Other IT companies, including HCLTech, LTIMindtree, and Persistent Systems, also experienced significant gains of up to 3% following positive brokerage calls from MOSL. This surge in IT stocks significantly contributed to the Nifty's overall upward trajectory.
The positive market performance suggests a growing optimism among investors. The strong performance of both the Sensex and Nifty, coupled with the impressive gains in the Midcap and Nifty Bank indices, reflects a robust market environment. The significant contribution of IT stocks further underscores the sector's importance in driving market momentum.
Source: Sensex Today | Stock Market Highlights: Nifty climbs above 25,000 as IT and Midcap stocks shine