Indian stock markets ended on a high note today, cheering investors with strong gains across key sectors. The Sensex closed at 79,408.50, up 855.30 points or 1.09%, while the Nifty ended the day at 24,125.55, rising 273.90 points or 1.15%. This marks a major comeback as the Nifty crossed the 24,000 mark for the first time since January 6, 2025.
Driving this rally were upbeat earnings from major banks, fresh foreign fund inflows, and a strong global sentiment.
Banking sector leads the charge
Banking stocks were the star performers today. The Bank Nifty index surged to a new lifetime high of 55,200, driven by impressive earnings from ICICI Bank and HDFC Bank. Other notable gainers included IDFC First Bank, IndusInd Bank, Axis Bank, and AU Small Finance Bank.
Top gainers of the day
Most stocks traded in the green, spreading cheer across Dalal Street. Tech Mahindra jumped over 5%, leading the Nifty 50 gainers. Trent also climbed nearly 5%, while IndusInd Bank, Hero MotoCorp, PowerGrid, HCL Tech, Bajaj Finance, and M&M rose between 3% and 5%.
Some stocks lag behind
Even as the market celebrated, a few stocks lost ground. Adani Ports, ITC, and HDFC slipped around 1%. Other notable losers included Hindustan Unilever, Asian Paints, Nestle India, Sun Pharma, Bharti Airtel, Cipla, and Grasim.
52-Week high club: 93 stocks shine
A total of 93 stocks touched their 52-week highs today. Companies like AIA Engineering, Bajaj Finserv, Bajaj Finance, Bharti Airtel, HDFC Bank, ICICI Bank, IndiGo, and Kotak Bank stood out.
Stocks at 52-week lows: Gensol’s continued fall
On the flip side, 16 stocks slipped to their 52-week lows. Gensol Engineering continued its downtrend, hitting a new low for the seventh consecutive session. Others in this list included Kesoram Industries and Sai Silks.
Upper circuit surge: 166 stocks lock gains
Today saw a wave of stocks hitting the upper circuit – 166 companies in total. These included International Gemological Institute, Hindustan Motors, JSW Holdings, and Senco Gold, as buying frenzy pushed their prices to daily limits.
Lower circuit woes: 54 stocks hit the bottom
While the broader market rallied, 54 stocks hit the lower circuit. Gensol Engineering remained under pressure amid the SEBI probe. Others facing sharp losses included Foce India and Keynote Financial Services.