Sensex Jumps Over 600 Points, Nifty Tops 24,450: Rally Lifts Banking, IT, Power Stocks

The Sensex jumped over 600 points, pushing the Nifty above 24,450, in a broad-based rally. HDFC Bank, Infosys, Wipro, SBI, Axis Bank, and NTPC were among the top trending stocks, according to ET Markets.

HDFC Bank carries an Alpha Score of 46, labeled Mixed. Infosys scores 57, a Moderate rating. Wipro also scores 46, Mixed. All three are in the Financial Services and Technology sectors. The Alpha Score, which ranges from 0 to 100, reflects a composite of technical, fundamental, and sentiment factors. Scores below 50 indicate mixed sentiment, while scores above 50 suggest moderate bullishness. See the HDB stock page for a full breakdown on HDFC Bank. Infosys and Wipro have their own dedicated pages.

The rally lifted banking and IT stocks. NTPC, a power sector heavyweight, also gained. The breadth of the move suggests broad buying across sectors.

The Nifty held above 24,450 through the session.