Indian equity benchmarks extended their winning streak on Thursday, supported by strong buying in banking and FMCG stocks. The Nifty 50 climbed 252 points, or 1%, to close at 25,576.45, while the Sensex advanced 813 points, or 0.98%, to end at 83,418.69.
Broader markets also ended in the green. The Nifty Bank index jumped 616 points, or 1.09%, to 57,416.60, while the BSE Midcap gained 115 points and the BSE Smallcap advanced 227 points to close at 53,282.23.
Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd said, “While domestic equities have been in an oversold position accompanied with heightened volatility over the past few weeks, the sharp rebound today on the back of across-the-board buying ahead of Dhanteras have brought some cheers to the market. Positive global cues along with appreciating rupee and hopes of pick up in corporate earnings in the coming weeks aided the rally. However, choppy FII trend remains a major concern as US-India tariff issues coupled with geo-political tension could fuel outflows and weigh on markets.”
Top gainers
Nestle India topped the gainers’ list, rising nearly 5%, while Tata Consumer, Titan, Axis Bank, and Kotak Bank advanced between 2% and 3% each. Reliance Industries, M&M, and HUL also ended in the green.
In the broader market, Share India Securities surged 20%, followed by BLS International Services which gained over 15%, and Waaree Renewables, Ather Energy, and Gokaldas Exports which also closed sharply higher.
Top losers
On the downside, Infosys, Shriram Finance, and HDFC Life closed lower, while Eternal dropped more than 4% to emerge as the biggest Nifty loser. Among the broader market laggards, KEI Industries, V2 Retail, and Netweb Technologies slipped around 4–5% each amid profit booking.
Vinod Nair, Head of Research, Geojit Investments Limited added, “Domestic equities extended their strong recovery rally, buoyed by positive global cues and renewed optimism surrounding India–US trade discussions. Gains were broad-based, led by Realty, Auto, FMCG, and Private Banking stocks. Sentiment was further lifted by expectations of a Q3FY26 demand revival, early signs of FII inflows, supported by dovish commentary from the US Fed, and a softer dollar index. The recent appreciation of the INR also reinforced the positive undertone. While near-term momentum remains favourable, sustained performance will depend on signs of earnings growth from ongoing corporate results and developments in global trade.”