
New Delhi: The Indian stock markets rebounded on Thursday after four consecutive days of decline. The Sensex rose by 158.51 points (0.19%) to close at 85,265.32, while the Nifty gained 47.75 points (0.18%) to settle at 26,033.75. IT stocks led the market rally, with the Nifty IT Index climbing 1.41% by the end of the session. Other sectors witnessing gains included auto, PSU banks, pharma, FMCG, metals, and realty, while energy, media, infrastructure, consumer durables, and oil & gas sectors ended in the red.
Mid-cap and small-cap stocks witnessed relatively flat trading, resulting in a higher number of declining stocks compared to gainers. The Nifty Midcap 100 Index slipped 15.85 points to 60,299.80, and the Nifty Smallcap 100 Index fell 41.60 points to 17,607.85.
Among the Sensex constituents, TCS, Tech Mahindra, Infosys, HCL Tech, Bharti Airtel, Sun Pharma, BEL, Trent, ITC, Bajaj Finance, M&M, Axis Bank, HUL, Power Grid, and Asian Paints were gainers. Meanwhile, Maruti Suzuki, Zomato, Kotak Mahindra Bank, Titan, SBI, ICICI Bank, HDFC Bank, Tata Steel, NTPC, and L&T ended lower.
Market Drivers
Vinod Nair, Head of Research at Geojit Financial Services, said the domestic markets remained largely stable amid mixed global cues and cautious sentiment ahead of RBI’s monetary policy announcement. The rupee’s record low and FII selling initially capped the rally. However, expectations of a limited rate cut provided mild support to the rupee, helping the indices recover.
Stocks Showing Strong Buying
Strong buying activity was seen in India Cements, Hindustan Copper, Vijaya Diagnostic, Kirloskar Oil, Caplin Point, Petronet LNG, and Hexaware Technologies. Over 80 stocks hit their 52-week highs, signaling bullish momentum in these counters.
Stocks Showing Weakness
On the other hand, stocks showing signs of weakness included ABB Power, Kaynes Technology, Wockhardt, Biocon, Ola Electric Mobility, Patanjali Foods, and HBL Power, indicating potential short-term downtrend in these counters.
Disclaimer: The stock recommendations and analyses mentioned above are based on views of individual analysts or brokerage firms, not Navbharat Times. Investors are advised to consult certified financial advisors before making any investment decisions, as market conditions can change rapidly.
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