MARKETS SNAP FIVE-DAY LOSING TREND

Sensex surges 498.58 points to close the day at 78,540; Nifty gains over 165 points to settle at 23,753.45.

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The Sensex surged by 498.58 points, settling at 78,540.17, while the Nifty rose by 165.95 points, closing at 23,753.45. The rally was supported by broad-based buying, although market experts suggest that the short-term outlook may remain cautious.

Among the Nifty companies, 32 stocks advanced and 18 declined. Leading the gainers, JSW Steel, ITC, Hindalco, Trent, and HDFC Bank saw significant increases in their stock prices, buoying overall market sentiment.

However, Hero MotoCorp, Maruti, HCL Tech, HDFC Life, and Bajaj Finserv emerged as the top losers, with their stocks experiencing declines.