IT, FMCG, and metal sector stocks led gains.

Sensex ends 510 points higher, Nifty tops 23,100; IT stocks lead rally

The S&P BSE Sensex added 509.73 points to close at 74,616.58, while the NSE Nifty50 gained 155.40 points to end at 23,123.65.

by · India Today

In Short

  • IT stocks led gains on D-Street, TCS rose 2.68%, HCL up 2.67%
  • Broader market showed caution, FMCG and metals also advanced
  • Investors await RBI policy decision amid geopolitical concerns

Benchmark stock market indices closed higher, with IT stocks leading the rally as Dalal Street seemed to shrug off US President Donald Trump's deadline threat for Iran.

The S&P BSE Sensex added 509.73 points to close at 74,616.58, while the NSE Nifty50 gained 155.40 points to end at 23,123.65.

Vinod Nair, Head of Research, Geojit Investments Limited, said that the domestic market extended its recovery trend, although the session opened on a weak note amid elevated crude prices and caution ahead of Trump’s deadline for Iran.

"Gains remained largely confined to IT, FMCG, and metals, while broader market breadth stayed weak, reflecting persistent caution. IT stocks advanced on valuation comfort and support from INR-related benefits, while FMCG gained on positive pre-result commentary from large players," he added.

After the closing bell, Tata Consultancy Services Ltd led the Sensex gainers, rising 2.68%. It was followed by HCL Technologies Ltd, which gained 2.67%. Infosys Ltd moved up 2.60%, while Bharti Airtel Ltd added 2.13%. Sun Pharmaceutical Industries Ltd also ended higher, rising 1.67%.

Indigo Ltd saw the sharpest fall, dropping 0.87%. Adani Ports and Special Economic Zone Ltd declined 0.52%, Mahindra and Mahindra Ltd was down 0.50%, Titan Company Ltd slipped 0.31%, and Trent Ltd fell 0.27% at the close.

"Investors are also awaiting the RBI policy decision, with rates widely expected to remain status quo," said Nair.

"In the near term, market direction is likely to remain driven by geopolitical developments and selective value buying, with focus gradually shifting to the earnings season for assessing potential downgrade risks arising from higher crude prices and currency volatility," he added.

(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)

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