The benchmark indices, Sensex and Nifty, surged to unprecedented levels backed by robust investor sentiment and contribution from financial heavyweights. The Sensex climbed 308 points to 77,301, while the Nifty advanced 92 points to 23,558. The Midcap Index also reached new highs.
Major gainers were Power Grid Corporation, Wipro, Titan Company, Mahindra & Mahindra, ICICI Bank, and Axis Bank. ICICI Bank and HDFC Bank were the biggest contributors to the Nifty’s gains. The Nifty Bank index also performed strongly, gaining 439 points to close at 50,441.
Maruti Suzuki, Dr Reddy’s Laboratories, and UltraTech Cement witnessed declines of 1-2%. Defence stocks continued to rally, with HAL surging 6% after receiving an order for 156 Light Combat Helicopters from the government.
Also Read: Best Defence Stocks In India
GMR Airports gained 4% on a positive business update, while IDFC, IDFC First Bank, Exide Industries, City Union Bank, and Indian Energy Exchange were among the top midcap performers. Som Distilleries fell over 6% due to child labour concerns.
The total market capitalization of BSE-listed companies reached an all-time high of ₹437 lakh crore. Market breadth remained positive, with the advance-decline ratio standing at 5:4.
