Sensex rises 700 points as pharma and energy stocks lead rally

The stock market experienced a significant increase, with the Sensex rising by 721.31 points and the Nifty climbing 208.50 points. This surge was driven by strong performances in the auto, pharma, energy, and infrastructure sectors.

However, trading interest in broader markets remained neutral, with more advancing shares than declining shares. Market analysts are concerned about the recent volatility in Foreign Institutional Investor (FII) activity, as there has been a significant sell-off following days of buying. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, advised investors to be cautious due to the perplexing nature of these fluctuations. He also mentioned that the inclusion of 45 new stocks in the Futures & Options list could lead to stock-specific actions and influence trading dynamics in the future.

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