The stock market began the week on a positive note, with the benchmark Nifty 50 extending its gains for the third consecutive session. The Nifty closed above the 25,000 mark, driven by strong performances in IT and financial stocks.
At the close, the Sensex was up 582.95 points, or 0.72%, at 81,790.12, while the Nifty gained 183.40 points, or 0.74%, to end at 25,077.65. The indices witnessed sustained buying interest, pushing the Nifty 50 past the 25,000 level and allowing it to settle near the day’s high of 25,095.95.
The BSE Midcap index rose 0.7%, while the Smallcap index ended marginally lower. The overall market capitalisation of BSE-listed firms increased to nearly ₹460 lakh crore from about ₹458 lakh crore in the previous session.
Among sectors, Nifty IT led the rally with a gain of 2.28%, followed by Nifty Financial Services, which rose 1.08%, and Nifty Bank, up 0.93%. Nifty Healthcare advanced 1.29%, while the Private Bank index gained 1.22%.
On the downside, Nifty Media declined 0.90%, Nifty Metal fell 0.89%, and FMCG slipped 0.20%.
Out of Nifty’s 50 constituents, around 33 stocks ended higher. Key gainers included Max Healthcare Institute (up 6.34%), Shriram Finance (up 3.90%), and TCS (up 2.97%). The top laggards were Trent (down 2.30%), Tata Steel (down 1.65%), and Adani Ports (down 1.29%).
Around 201 stocks hit their 52-week highs, while 117 touched their 52-week lows. Notable gainers included Aditya Birla Capital Ltd, Aster DM Healthcare Ltd, Bank of Baroda, Canara Bank, Poonawalla Fincorp Ltd, Indian Bank, Muthoot Finance Ltd, and KIOCL Ltd.
Among the notable losers were Aditya Birla Real Estate Ltd, Clean Science and Technology Ltd, Happiest Minds Technologies Ltd, and Torrent Power Ltd.
Among key individual movers, Avenue Supermarts fell 2.6% despite reporting growth in Q2 standalone revenue, while Dhanlaxmi Bank shares rose 3% after a rise in total business for Q2.
The market remains cautiously optimistic, with investors closely tracking Q2 earnings results and upcoming macroeconomic data releases.