Synopsis : Indian markets opened firm and maintained steady gains, supported by strong buying in heavyweight stocks like Reliance Industries, HDFC Bank, and major IT names.
A record-low rupee boosted IT buying, while mid-caps and small-caps also contributed to the positive sentiment.
Stock Market LIVE: Sensex Rises 300 Pts, Nifty Above 26,050; RIL, HDFC Bank & IT Stocks Power Rally
Indian equity markets traded with confidence on Thursday, with benchmark indices registering solid gains amid broad-based buying. The BSE Sensex climbed 300 points to 85,400, while the Nifty50 advanced 93 points to 26,079, supported by strength in frontline stocks.
The sharp weakness in the Indian Rupee — which hit a fresh record low of 90.56 per US dollar — sparked renewed interest in IT stocks, boosting market momentum. Heavyweights including Reliance Industries and HDFC Bank further supported the indices, helping offset mild sectoral pressure elsewhere.
Market Highlights
Top gainers included TCS, Tech Mahindra, HCL Tech, Tata Motors PV, Bajaj Finserv, BEL, M&M, Bajaj Finance, Maruti Suzuki, Asian Paints, Infosys, and Reliance Industries — all rising up to 1.13%.
Broader markets also stayed positive:
Nifty MidCap: +0.30%
Nifty SmallCap: +0.10%
Sector performance:
Gainers: Nifty IT (+0.6%), Auto (+0.6%), Metal (+0.5%), FMCG (+0.14%)
Loser: Nifty Realty (−0.18%)
Improved global cues, coupled with domestic buying confidence, helped markets stay in the green throughout the session.
Disclaimer : This article is for informational and educational purposes only and does not constitute financial advice. Please consult a professional financial advisor before making investment decisions.
