In a strong finish to the trading day, the Indian stock market witnessed a surge led by key players, including Reliance, HDFC Bank, and Kotak Bank. The benchmark Sensex rose by 230 points to reach 71,337, while the Nifty 50 gained 92 points to settle at 21,441.
The Nifty Bank also showed significant gains, climbing 233 points to 47,725, and the Midcap Index surged by 293 points to close at 45,388. Hero Moto and TVS Motor experienced upward movement following the news of Ola Electric filing for an IPO.
Top Nifty gainers were Divis Laboratories, Hero MotoCorp, Adani Enterprises, Hindalco and NTPC, while losers were Bajaj Finance, Bajaj Finserv, Infosys, TCS and Tata Motors.
Except Information Technology, all other sectoral indices are trading in the green with oil & gas, power, metal, auto, healthcare gained 1% each.
Divi’s Lab was among the top performers, recording nearly 5% surge and closing the session near its 52-week high level. Public sector undertakings (PSUs) continued their winning streak, with ONGC and NTPC securing positions among the top five Nifty gainers.
On the flip side, Bajaj Fin and RBL faced declines amid reports suggesting that the Reserve Bank of India (RBI) granted only a one-year extension to their credit card agreement.
Infosys witnessed a dip of over 1% after the termination of a $1.5 billion Memorandum of Understanding (MoU) with a global company. Meanwhile, Adani Green saw a 3% recovery from its lows following a total fund raising of $3 billion.
TV18 and Network18 experienced a surge of 5-8% on reports of a significant deal with Walt Disney India.
In the IPO segment, Motisons Jewellers made a robust debut, listing at a premium of over 85%. However, Muthoot Micro and Suraj Estate faced a weak listing, with stocks falling up to 9%.
The positive brokerage note and continued order wins contributed to the 4% surge in BEL's stock. The chemical basket witnessed buying activity, with Aarti Ind, Tata Chem, and Deepak Nitrite emerging as the top gainers.
