Easing geopolitical risks in the Middle East sparked a blockbuster session for Indian equities, with the BSE Sensex soaring 918.60 points or 1.20 percent to end at 77,550.25. The NSE Nifty mirrored the enthusiasm, gaining 275.50 points or 1.10 percent to reach 24,050.60. Traders cheered the positive shift, erasing recent jitters and paving the way for a buoyant close.
Sectoral heavyweights propelled the upswing, particularly automobiles, where Nifty Auto jumped 2.85 percent to top the charts. Realty surged 2.08 percent, financial services 2.06 percent, PSU banks 2.01 percent, private banks 1.98 percent, consumer durables 1.74 percent, and consumption stocks 1.55 percent. This multi-sector rally highlights a resilient economy shrugging off external uncertainties.
IT remained the outlier, dropping 1.91 percent as global tech woes weighed in. Midcaps and smallcaps didn’t disappoint, with Nifty Midcap 100 up 865.20 points or 1.52 percent at 57,843.95, and Nifty Smallcap 100 climbing 274.10 points or 1.65 percent to 16,840.10. The widespread participation points to deepening market breadth.
Sensex gainers were led by Asian Paints, ICICI Bank, M&M, Indigo, SBI, Axis Bank, Bajaj Finance, Bajaj Finserv, Adani Ports, Trent, HDFC Bank, L&T, HUL, Power Grid, Titan, UltraTech Cement, Eternal, Maruti Suzuki, Kotak Mahindra Bank, Tata Steel, BEL, and NTPC. Losers included Sun Pharma, Infosys, TCS, Tech Mahindra, and HCL Tech.
According to Sudeep Shah from SBI Securities, the session began with a gap-up opening, consolidated in a range, and powered through 24,000. Nifty faces hurdles at 24,200-24,250; breaking these could unlock 24,400-24,600 targets short-term. Downside support is at 23,850-23,800. As Middle East stability holds, expect Indian markets to sustain this upward trajectory.
