Stock Market Today: The Indian stock exchanges witnessed a positive day with the Sensex and Nifty showing recovery. BSE Sensex rose by 131.18 points to close at 77,341.08, while Nifty 50 was up by 36.75 points at 23,537.85. Sectorally, the Nifty Media index fell 1.8%, followed by the Nifty Metal and PSU Bank indices with a 0.6% decline each. Notably, the day’s trading highlighted key stocks such as Route Mobile, Prestige Estates, and Century Textiles performing well. Route Mobile shares surged 15% on partnership expansion, while Prestige Estates surged 3% on fundraising approval. Century Textiles saw a 6% gain after acquiring residential land in Pune. Additionally, the overall market check showed Vedanta dismissing false rumors and Lupin gaining VAI status. Other notable stocks like CarTrade Tech and ONGC also made headlines for their strategic moves and contract wins. The day also saw significant developments in the Gems and Jewellery industry, with imports witnessing a jump in May. With the upcoming festive season, there is optimism for increased demand. On the global front, positive news on US, UK, and Eurozone economic indicators contributed to a bullish sentiment. Overall, the day reflected a mix of positive developments, strategic moves, and strong performances across key sectors and stocks, setting the tone for market action.
