Domestic stocks surged sharply on 18th July, with the Sensex climbing over 800 points to hit a record high of 81,522.55. The Nifty also reached a new peak, rising over 200 points to 24,837.75.

Gains were driven by sectors including IT, banks, financials, and FMCG, supported by buying in heavyweights like TCS, Infosys, ICICI Bank, Reliance Industries, Hindustan Unilever, and M&M.

BSE 500 stocks like Just Dial, Tata Teleservices, India Cements, and others surged up to 20%.

Despite the market’s rise, investor wealth, measured by BSE market capitalisation, decreased by Rs 52,362.9 crore to Rs 454.72 lakh crore. Mid-cap stocks fell by 0.95%, and small-cap stocks dropped by 1.25% today. The India VIX, or fear index, rose by 2.07% to 14.52.

Today, 229 stocks hit their 52-week highs on BSE; some of those included are Aditya Birla Sun Life AMC, Britannia, Dabur, etc., whereas 24 stocks hit their 52-week lows.

Market breadth was weak, with 2,488 stocks declining on BSE. IT, banks, and financial firms were the top gainers, contributing hugely to the 375-point climb of Sensex.

Key contributors leading to Sensex’s rise included TCS, Infosys, ICICI Bank, Reliance Industries, M&M, Bharti Airtel, HUL, SBI, and ITC.

On NSE, 9 out of 16 sub-indices were trading in positive territory. 

Nifty IT, Nifty Bank, Nifty Financial Services, and Nifty FMCG were the top performers, rising by 1.80%, 0.56%, 0.64%, and 0.79%, respectively.

Nifty Media, Nifty Metal, and Nifty Consumer Durables plunged by 3.54%, 0.95%, and 1.07%, respectively.

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