The Nifty50 closed 157 points higher at 21,929 while the S&P BSE Sensex closed with gains of over 450 points. Sectorally, buying was seen in oil & gas, IT, telecom, energy, and metal space while power, banks, and FMCG saw some selling pressure.
In reaction to the recent disclosure by Aster DM Healthcare and its commitment to allot 70-80% of the revenue generated from the sale of its Gulf Cooperation Council (GCC) business to Alpha GCC Holdings for distribution to shareholders, Institutional Investor Advisory Services India (IiAS), a proxy advisory firm, has revised its voting recommendation from "against" to "for."
Suzlon Energy, Aster DM Healthcare, and Bajaj Finance were among the stocks in focus. Aster DM Healthcare and Suzlon witnessed fresh breakouts on the weekly time frame, while Bajaj Finance had a strong breakout above the 7,400 level, but further hurdles are expected moving forward