Sensex, Nifty 50 snap 2-day losing run led by banking heavyweights— 10 key highlights from Indian stock market today
The Sensex rose 443 points, or 0.54 per cent, to close at 82,200.34, while the Nifty 50 ended 122 points, or 0.49 per cent, higher at 25,090.70.
The BSE Midcap index rose 0.55 per cent, in sync with the benchmark index. However, the BSE Smallcap index ended flat.
The overall market capitalisation of BSE-listed firms rose to ₹ 460 lakh crore from ₹ 458.4 lakh crore in the previous session, making investors richer by nearly ₹ 2 lakh crore in a single session.
Market benchmarks ended with decent gains, led by gains in banking heavyweights HDFC Bank and ICICI Bank after their Q1 results came better than expected. Shares of Eternal also contributed significantly to the benchmarks' rally ahead of the company's Q1 results.
However, a fall of over 3 per cent in Reliance shares capped the gains for the benchmarks. TCS, ITC, and HUL were other significant drags.
Global cues were largely mixed, as Trump tariffs remain a key concern for markets globally.
"Positive results from banking majors supported the market to rebound after many days of consolidation. The market remains highly reactive to earnings, indicating that investors remain focused on the earnings front to aid valuation. The manufacturing segment gained today as the government is reviewing the scope of expanding the infrastructure spending to support growth," Vinod Nair, Head of Research, Geojit Investments Limited, observed.
(This is a developing story. Please check back for fresh updates.)
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Read more stories by Nishant Kumar
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
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