BIZ DESK
Following a three-day losing streak, domestic equity markets rebounded today, buoyed by better-than-expected GDP data and a surge in value buying. The rally was strong and sustained throughout the trading session, lifting all major indices.
The benchmark Sensex climbed 555 points, or 0.7%, to close at 80,364. Similarly, the Nifty jumped 198 points, or 0.81%, to settle at 24,625.
Broad-Based Gains Across Sectors
The positive sentiment was widespread, extending to the broader markets. The BSE Mid-Cap index advanced over 1.6%, while the Small-Cap index added around 1.5%.
All 21 sectoral indices at the BSE recorded gains, with the Auto sector leading the charge, climbing nearly 2.7%. The Consumer Durables and Consumer Discretionary sectors also posted strong performances, rising over 2% each.
Company Performance
In the Sensex pack, 23 of the 30 companies ended the day in positive territory. Mahindra and Mahindra was a top gainer, surging over 3.6%. Tata Motors also performed well, rising 3.1%, followed by Trent, which climbed 2.7%.
On the other hand, a few companies faced headwinds. Sun Pharma dropped around 1.9%, ITC dipped 1%, and Hindustan Unilever decreased over 0.4%, placing them among the day’s top laggards.
The overall market breadth at the BSE was highly positive, with 2,795 companies advancing against 1,391 that declined, while 194 companies remained unchanged.
Broader Market Performance
- Mid-Cap Index: Jumped 1.6%, reflecting strong investor appetite for mid-tier companies.
- Small-Cap Index: Rose 1.5%, signaling renewed confidence in smaller firms.
Sensex Constituents
- Top Gainers: Mahindra & Mahindra (+3.6%), Tata Motors (+3.1%), Trent (+2.7%)—driven by upbeat auto sales and sectoral momentum.
- Top Losers: Sun Pharma (-1.9%), ITC (-1%), Hindustan Unilever (-0.4%)—pressured by profit booking and muted sectoral cues.
Sector-Wise Highlights
- Auto: Led the rally with a 2.7% gain, supported by strong August sales from Bajaj Auto and Royal Enfield.
- Consumer Durables & Discretionary: Each rose ~2%, benefiting from festive demand anticipation and easing inflation.
- IT: Advanced on global cues and upgrades—Mphasis led gains after a Morgan Stanley rating boost.
- Banking: Nifty Bank added 0.45%, with PSU banks showing resilience amid tariff concerns.
- Realty & Capital Goods: Posted modest gains, reflecting optimism around infrastructure push and GST rationalisation talks.
Market Breadth Out of 4,380 actively traded stocks on the BSE:
- Advancing: 2,795
- Declining: 1,391
- Unchanged: 194
The rally signals renewed investor confidence, with analysts eyeing 25,000 on Nifty as the next resistance level.
