The Indian stock market wrapped up today’s session on a strong note, with both benchmark indices ending in the green. The Sensex settled at 82,176.45, rising 455.37 points or 0.56%, while the Nifty 50 ended at 25,001.15, gaining 148 points or 0.60%.
The broader optimism was driven by buying interest in auto, FMCG, and IT counters. The Nifty Bank, too, joined the rally and closed at 55,572, up by 0.31%.
“The U.S. decision to consider extending the deadline for imposing aggressive tariffs on EU, coupled with a decline in the dollar index, contributed to a rebound in the domestic equity markets. These developments suggest that trade negotiations are progressing constructively, which could help moderate market volatility. Additionally, the early onset of the southwest monsoon and a decline in domestic bond yields have encouraged investors to maintain their focus on riskier assets. The broader market outperformed, driven by expectations of increased rural consumption and a stronger Q4 GDP, following better-than-anticipated corporate earnings for the quarter,” said Vinod Nair, Head of Research, Geojit Investments.
Key highlights of today’s trading session –
Auto, FMCG and Tech stocks lead the rally
Among the top performers in today’s market were Mahindra & Mahindra, Nestle India, Hindustan Unilever, HCL Technologies, and ITC.
Pharma and PSU Stocks weigh on sentiment
Despite the bullish tone, not all sectors shared the gains. On the losing side, Eternal slumped nearly 5%, making it one of the worst performers of the day. Kotak Mahindra Bank, Sun Pharma, PowerGrid, and NTPC also ended in the red.
Market breadth remains positive
The overall market breadth favored the bulls. A total of 2,969 stocks were traded on the NSE, out of which 1,744 advanced, while 1,152 declined and 73 remained unchanged. The number of stocks hitting 52-week highs stood at 53, while 24 stocks slipped to their 52-week lows. Notably, 126 stocks were locked in their upper circuits.
Sectoral performance: Packaging, Paper, and Plastics shine bright
In today’s trading session, select niche sectors emerged as standout performers. Containers and packaging led the gains with a sharp 3.6% rise. The paper sector followed closely, climbing nearly 3%.
The plastics segment registered 2.6% gain. Meanwhile, diamonds and jewellery, along with the media and entertainment space, added around 1% each.
Business group performance
A clutch of Indian business groups saw a notable uptick in market value in today’s trade. The Jaipuria Group led the gains with a sharp 9.31% surge in market capitalisation, followed by the Essar Group, which rose 6.05%. The Somany Group saw a more measured rise of 2.54%, while the Yash Birla Group and Manipal Group posted gains of 2.04% and 2.02%, respectively.
