Synopsis : Indian markets extended gains on Thursday, supported by strength in FMCG, IT, metal, and auto stocks, helping benchmarks move closer to fresh highs.
Broader markets outperformed as midcap and smallcap indices gathered pace, adding to overall market optimism.
Stock Market LIVE: Sensex Up 277 pts, Nifty Eyes 26,150 — Full Article
Indian equity markets held firm on Thursday, buoyed by positive global cues and a rebound in technology shares overseas. The upbeat sentiment carried into domestic markets, allowing benchmark indices to maintain steady gains throughout the session.
The BSE Sensex climbed 277 points, hovering near 85,466, up 0.33%. Meanwhile, the Nifty50 advanced to 26,138, gaining 85 points or 0.33%, inching closer to the 26,150 level as buying interest returned across key categories.
Top Performers and Laggards
A broad mix of index constituents contributed to the market’s strength. Leading the pack were:
Tech Mahindra
Reliance Industries (RIL)
Adani Ports
Bajaj Finance
ITC
Bajaj Finserv
Axis Bank
M&M
Power Grid
These stocks lent solid support to the upward trend.
However, some stocks traded under pressure, with Asian Paints, HCL Tech, Bharti Airtel, Kotak Bank, Maruti Suzuki, and Sun Pharma emerging as the top losers of the session.
Broader Markets Gain Momentum
Broader markets outpaced benchmarks:
Nifty MidCap: +0.32%
Nifty SmallCap: +0.51%
The steady rise in SMIDs showed improved risk appetite and diversification among investors.
Sectoral Highlights
Sector-wise performance remained largely positive:
Nifty FMCG: +0.5%
Nifty Metal: +0.3%
Nifty Auto: +0.3%
Nifty IT: +0.3%
Strong movement in defensive and cyclical sectors added depth to the market recovery.
Disclaimer : This article is for informational purposes only and should not be treated as financial or investment advice. Always consult a licensed financial advisor before making investment decisions.
