The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,990 level, a premium of nearly 75 points from the Nifty futures’ previous close.

The stock jumped more than 12% to hit its lifetime high of Rs 7,598. The surge was as the company received Central Drugs Standard Control Organisations approval to import and distribute Durvalumab. The drug is used with chemotherapy before surgery and alone after surgery for NSCLC (lung cancer).

The Indian stock market extended its rally for the second consecutive week, buoyed by strong performances in financials, autos, and metals. The Nifty Bank index, which hit a record high of 53,793, gained nearly 3% for the second straight week.

Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed on a higher note during Monday’s trading session.

Gift Nifty is trading at a premium of about 50 points compared to Nifty Futures Monday wrap up, indicating that the Asian markets positive outlook has contributed to the Indian markets strong start thanks to the early gains.

The Sensex closed at 83,185, up 237 points, while the Nifty ended at 25,416, a gain of 38 points. The Midcap index, on the other end, continued its downward trend, falling for the third consecutive session.

Indian equity benchmark indices BSE Sensex and Nifty 50 opened in the red on Tuesday, as markets took a breather while searching for fresh cues.

Stock Market LIVE Updates | On Friday, Indian benchmark equity indices hit record highs and saw weekly gains, driven by a significant interest rate cut from the U.S. Federal Reserve earlier in the week,

India's NSE Nifty and BSE Sensex are among the top-performing indexes globally, with gains of 18.7% and 17% in 2024, trailing only Nasdaq and S&P 500. Read more news like this on HindustanTimes.com

The benchmark equity indices opened Monday’s trading session on a positive note. The NSE Nifty 50 opened 0.25% higher at 25,856.05, while the BSE Sensex opened 150 points 0.18% higher at 84,693. The broader indices opened in the green.