Stock markets end the fiscal year in style: Sensex zooms over 1000 points

The benchmark indices ended on a strong note with sensex rallying over 1,000 points and Nifty above 17,300 amid buying seen across the sectors on the last day of th fiscal year.

At close, the Sensex was up 1,031.43 points or 1.78% at 58,991.52, and the Nifty was up 279.10 points or 1.63% at 17,359.80. About 2322 shares advanced, 1145 shares declined, and 108 shares unchanged.

Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 1.5% each. Volatility index, India VIX, meanwhile, slipped over 5%. All the sectors traded in the green, with Nifty Bank, Nifty Metal, Nifty Media indices rising over 1% each. Nifty IT index was up by 2.5%.

Among individual stocks, shares of Reliance Industries (RIL) rallied 4%. This, after the board approved the demeger.

Also Read: RIL begins demerger process of its financial services business; Calls shareholder meeting

The other top gainers are Nestle India, Infosys, ICICI Bank and Tata Motors, while losers included Apollo Hospitals, Adani Ports, Sun Pharma, Asian Paints and Bajaj Finance. The upside left investors richer by Rs 3.45 lakh crore as the total market capitalisation of all BSE-listed stocks went up to Rs 258.16 lakh crore.