Indian equities extended their winning streak, marking the third consecutive day of gains as the latest Economic Survey painted a bright picture for economic growth. At close, Sensex was up 221.69 points (0.27%) at 82,566.37, and Nifty rose 76.15 points (0.30%) to 25,418.90.

The positive sentiment stemmed directly from the survey’s upbeat growth estimates, which overshadowed other concerns. Metal stocks stole the show with a 3.07% jump in Nifty Metal, closely followed by energy at 1.87% and commodities at 1.58%. Banking and infra sectors also contributed, with private banks up 1.03% and infrastructure gaining 0.85%.

Defensive sectors lagged behind: defence index dropped 1.21%, healthcare 0.96%, and FMCG 0.91%. Pharma, PSU banks, IT, and auto saw losses ranging from 0.68% to 0.81%. Broader markets showed resilience, as midcaps edged up 0.18% to 58,541 and smallcaps climbed 0.20% to 16,825.

In the Sensex, standout performers were Tata Steel, L&T, Axis Bank, NTPC, Adani Ports, ICICI Bank, Power Grid, Bharti Airtel, SBI, HDFC Bank, and Bajaj Finserv. On the flip side, Asian Paints, Indigo, Maruti Suzuki, BEL, M&M, TCS, Sun Pharma, HUL, Trent, Titan, ITC, and UltraTech Cement ended lower.

Analysts highlighted the FY27 growth projections in the Economic Survey as the primary catalyst. Geopolitical tensions between the US and Iran are driving safe-haven demand, sending MCX gold above 1.70 lakh per 10 grams and silver over 4 lakh per kg.