Bulls kicked off Sept on a strong note after a strong Q1 GDP data, which could boost foreign investor inflows.
Nifty50 rose 0.94% to end at 19,435, while the S&P BSE Sensex settled 0.86% higher at 65,387. The market capitalisation of all listed companies on BSE surged by Rs 2.74 lakh crore to Rs 312.33 lakh crore.
Among individual stocks, Maruti Suzuki’s record monthly sales powered the stock 3% to an all-time high and lifted auto stocks by 1.65%.
BSE shares surged 5%. The company today revised its buyback offer price upwards to Rs 1,080 from Rs 861 following a sharp surge in 2 months.
BHEL shares rallied over 12% to fresh 52-week high following an order from NTPC for setting up a thermal power project in Chhattisgarh.
On primary market front, Jupiter Life Line Hospitals priced its IPO, which opens on September 6, in the range of Rs 695-735. The company aims to raise about Rs 869 crore at the upper end.
Lastly, investors await the U.S. jobs report later in the day. A rise in unemployment could allow the Federal Reserve to pause rate hikes at its September meeting.