New Delhi: Indian stock markets ended on a positive note on Thursday, breaking a four-day losing streak. The Sensex closed 426.86 points higher at 84,818.13, while the Nifty gained 140.55 points to finish at 25,898.55.
Sectoral Performance
The rally was led by auto and metal stocks. Nifty Auto rose 1.11%, while Nifty Metal gained 1.06%. Other indices also closed in the green: Nifty IT (+0.81%), Nifty PSU Bank (+0.51%), Nifty Pharma (+0.98%), Nifty Realty (+0.75%), and Nifty Infra (+0.37%).
Market Breadth
Buying momentum was seen across large-cap, mid-cap, and small-cap stocks. The Nifty Midcap 100 Index climbed 570.30 points (+0.97%) to 59,578.05, and the Nifty Smallcap 100 Index rose 137.90 points (+0.81%) to 17,228.05.
Top Gainers and Losers
Among Sensex stocks, key gainers included Eternal (Zomato), Tata Steel, Kotak Mahindra Bank, UltraTech Cement, Maruti Suzuki, Sun Pharma, Tech Mahindra, HDFC Bank, Infosys, M&M, Trent, HCL Tech, and HUL.
On the other hand, Asian Paints, Bharti Airtel, Bajaj Finance, Power Grid, Axis Bank, ICICI Bank, Titan, and Bajaj Finserv were among the laggards.
Reasons for the Rally
According to Ajit Mishra, Senior Vice President (Research) at Religare Broking Ltd, buying in IT, auto, metals, realty, and banking sectors helped the market recover from recent losses, while volatility indices declined. Strong equity inflows in November also boosted investor sentiment. Vinod Nair, Head of Research at Geojit Investments Ltd, noted that the U.S. Federal Reserve’s 0.25% rate cut contributed to domestic market optimism. A decline in 10-year U.S. bond yields signals potential foreign institutional investment, supporting market confidence.
Stocks Showing Strong Buying
Investors have shown strong interest in stocks such as Ola Electric Mobility, Natco Pharma, DCM Shriram, Ircon International, Dixon Technologies, Vodafone Idea, and Premier Energies. More than 85 stocks touched their 52-week highs, indicating bullish sentiment.
Stocks Showing Weakness
Stocks showing signs of weakness include Advent Hotels International, Reliance Infrastructure, Siemens Energy India, Sobha, Choice International, MRPL, and HEG, suggesting that a downtrend may be starting in these names.
Disclaimer: The above analysis reflects the views of individual analysts and brokerage firms, not Navbharat Times. Investors are advised to consult certified experts before making any investment decisions, as market conditions can change rapidly.
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