Stock market ends on positive note, Nifty closes above 25,700

The Indian stock market ended on a positive note extending gains for a second consecutive session. Nifty closed above 25,700 amid volatility.

At close, the Sensex was up 479.95 points or 0.58% at 83,294.66, and the Nifty was up 141.75 points or 0.55% at 25,713.

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Nifty Midcap index declined 0.4%, while the Nifty Smallcap index edged up 0.3%.
The overall market capitalisation of BSE-listed firms rose to Rs 469 lakh crore from Rs 467 lakh crore in the previous session.

Among the sectors, most of the indices ended higher. Those on the gaining side were Nifty PSU Bank up by 1.36%, Financial Services up by 0.87%, Auto up by 0.83%, and FMCG up by 0.70%, Nifty Bank rose by 0.15%.

The key ones on the losing end were Nifty IT down by 1.42%, Metal down by 0.23%, and Realty down by 0.19%.

On Nifty, around 35 stocks ended higher. The ones on high were Adani Ports (2.93%), Kotak Mahindra Bank (2.22%), and HDFC Life Insurance Company (1.89%).

Further on the losing end were Hindalco Industries down by 2.08%, Wipro down by 1.89%, and Infosys down by 1.90%.
The advance-decline ratio remained in favour of decliners as over 1,900 stocks advanced while nearly 2,400 declined on the BSE.

On the BSE, around 124 stocks hit their 52-week highs while 238 stocks hit their 52-week lows in intraday trade on the BSE.

Those on the highs were SBI, Larsen & Toubro, and NTPC while on the lows were Wipro, Suzlon Energy, Info Edge (India), Mankind Pharma, and L&T Technology Services.

IDFC First Bank shares fell 16% on reporting Rs 590-crore fraud government in accounts.

Share price of oil refiners gained as crude oil prices rose amid rise in global geopolitical tensions.

Oil & Natural Gas Corporation (ONGC) jumped 4.5%, while Oil India shares surged more than 7%.

Shares of Hindustan Petroleum Corporation Limited (HPCL) shares fell over 4%, while Bharat Petroleum Corporation (BPCL) shares dropped over 3%.