Benchmark stock market indices closed higher as Sensex and Nifty gained 1%, buoyed by Q2 earnings by India Inc as the markets experienced a broad rally.
The S&P BSE Sensex gained 862.23 points to end at 83,467.66, while the NSE Nifty50 added 261.75 points to close at 25,585.30.
Vinod Nair, Head of Research, Geojit Investments Limited, said that domestic equities extended their strong recovery rally, buoyed by positive global cues and renewed optimism surrounding India–US trade discussions.
“Gains were broad-based, led by Realty, Auto, FMCG, and Private Banking stocks. Sentiment was further lifted by expectations of a Q3FY26 demand revival, early signs of FII inflows, supported by dovish commentary from the US Fed, and a softer dollar index. The recent appreciation of the INR also reinforced the positive undertone. While near-term momentum remains favourable, sustained performance will depend on signs of earnings growth from ongoing corporate results and developments in global trade,” he added.
The top five gainers on the BSE Sensex were Kotak Mahindra Bank, which jumped 2.67%, followed by Titan Company up 2.63%, Axis Bank rising 2.33%, Adani Ports gaining 1.97%, and Mahindra & Mahindra advancing 1.82%.
A few major stocks slipped into the red. Infosys fell 0.08%, while Eternal Ltd saw the biggest decline of 1.73% after it announced its Q2 results.
“FII and DII inflows of Rs 68.6 crore and Rs 4,650 crore, respectively, kept liquidity robust. Globally, Asian markets tracked Wall Street higher on improving risk appetite. The rupee strengthened 40 paise to 87.68 per USD amid steady equity inflows and softer crude prices. Technically, Nifty’s breakout above 25,450 signals bullish strength, with potential to test 25,800, while 25,330 remains immediate support,” said Gaurav Garg, Research Analyst Lemonn Markets Desk.
