Indian equity markets ended Thursday’s session on a strong note, extending their upward momentum amid broad-based buying across sectors. The benchmark indices closed firmly in the green, setting the stage for selective stock-specific action in Friday’s trade.
The Sensex rose by 397.74 points (0.49%) to close at 82,307.37, while the Nifty 50 gained 132.40 points (0.53%), settling at 25,289.90.
Defence, PSU Banks Lead the Rally
The rally was led by defence stocks, with the Nifty India Defence Index surging 2.67 percent, reflecting strong investor interest following recent policy and budget-related expectations. Other sectoral indices also posted healthy gains:
- Nifty PSU Bank: +2.34%
- Nifty Pharma: +1.59%
- Nifty PSE: +1.51%
- Nifty Commodities: +1.25%
- Nifty Metal: +1.18%
Only Nifty Realty (-0.74%) and Nifty Consumer Durables (-0.87%) ended in negative territory.
Top Gainers and Losers
Among Sensex constituents, BEL, Tata Steel, Adani Ports, SBI, Bajaj Finserv, Asian Paints, Power Grid, Sun Pharma, Kotak Mahindra Bank, HUL, IndiGo, HCL Tech, NTPC, Trent, TCS, and UltraTech Cement emerged as key gainers.
On the downside, Eternal (Zomato), Titan, ICICI Bank, Maruti Suzuki, and HDFC Bank closed lower.
Midcaps and Smallcaps Join the Rally
Buying interest was not limited to large-cap stocks. Broader markets also outperformed, with the Nifty Midcap 100 Index climbing 767.65 points (1.34%) to 58,191.30, while the Nifty Smallcap 100 Index advanced 126.05 points (0.76%) to 16,677.25.
Stocks Showing Strong Buying Interest
Market analysts noted strong buying momentum in several stocks, including:
- Waaree Energies
- Minda Corporation
- Schneider Electric India
- Welspun India
- CreditAccess Grameen
- Trident Ltd
- Granules India
More than 69 stocks touched their 52-week highs, a sign of sustained bullish sentiment and sectoral rotation in the market.
Stocks Showing Weakness
On the other hand, signs of weakness were visible in stocks such as IIFL Finance, PNB Housing Finance, Aditya Birla Lifestyle Brands, OneSource Specialty, Kalyan Jewellers India, Hindustan Copper, and Tata Communications, indicating potential near-term pressure.
Market Outlook
Analysts believe the overall trend remains positive, supported by improving global cues, expectations around policy announcements, and sector-specific tailwinds. However, investors are advised to remain selective and cautious, given the sharp moves seen in recent sessions.
Disclaimer:
The stock recommendations and market views mentioned above are based on inputs from individual analysts and brokerage firms, and do not reflect the views of Navbharat Times. Investors are advised to consult certified financial advisors before making investment decisions, as market conditions can change rapidly.
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