Sensex Up 234 Points To 73,554; HDFC Bank Contributes While Reliance Drags

The BSE Sensex traded higher by 234 points (0.32%) at 73,554 in the afternoon session. The index opened at 73,477, touched a high of 73,595, and a low of 72,728. Market breadth remained positive with 21 stocks advancing and 9 declining.

Valuation Snapshot: PE 20.15, Market Cap ₹146.68 Lakh Crore

The index’s PE ratio stood at 20.15, PB ratio at 3.93, and dividend yield at 1.24%. The total market capitalisation of Sensex companies was around ₹146.68 lakh crore.

Top Gainers: Trent Up 6.68%, Titan Up 3.40%, Banks Support Rally

Gains were led by retail, banking and IT stocks. Trent Ltd surged 6.68%, while Titan Company rose 3.40%. Banking stocks added strength with Axis Bank up 2.17%, HDFC Bank up 1.82%, and Bajaj Finance gaining 1.80%. Infrastructure and IT shares, including Larsen & Toubro, TCS, and Infosys, also traded higher.

Major Drag: Reliance Pulls Index Down By 292 Points

The rally was capped by weakness in a few heavyweights. Reliance Industries dragged the index down by 292 points, making it the biggest negative contributor. Other stocks pulling the index lower included Mahindra & Mahindra, Hindustan Unilever, Bharti Airtel, and Adani Ports and Special Economic Zone.

Read More:Bank Nifty Falls 61 Points.

Stock Snapshot: Axis Bank Up 2.17%, Adani Ports Down 0.53%

Sector-wise, Axis Bank rose 2.17%, while Adani Ports and Special Economic Zone fell 0.53%. Asian Paints slipped slightly, while Bajaj Finance and Bajaj Finserv gained modestly despite weak technical ratings.

Conclusion

The Sensex moved higher supported by strong contributions from banking and retail stocks. However, a sharp fall in Reliance limited the rally and kept gains modest.

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