The market capitalisation of BSE-listed companies grew by Rs 1.74 lakh crore today.
Top Gainers & Losers
The Nifty breadth tilted in favour of bulls with 36 stocks ending the session in the green, while the remaining 14 were in the red. The top gainers were Hindalco Industries, NTPC, Larsen & Toubro (L&T), SBI Life and Hindustan Unilever (HUL), while the losers included recently listed Kwality Wall’s (India), Eternal, Infosys, Tech Mahindra and Grasim Industries.
Individually, Larsen & Toubro (L&T) and Reliance Industries (RIL) contributed most to the gains in Nifty and Sensex by virtue of their weights.
Sector-wise, PSU Banks remained the top gainers with Nifty PSU Banks closing 1.7% higher. Nifty Bank, Nifty Auto and Nifty FMCG were other big movers. Meanwhile, Nifty IT settle 1% lower. Select media stocks like Zee, Network18, and Nazara Technologies also witnessed selling pressure.
Expert View
Vinod Nair, Head of Research at Geojit Investments, said Indian equities rebounded after yesterday’s sharp correction, led by strong buying in large caps as investors favoured their better risk‑reward over premium‑valued midcaps.
“Sentiment improved on clearer trade‑agreement signals and India’s entry into Pax Silica, which is expected to strengthen supply‑chain security in AI, semiconductors, and critical minerals. Volatility stayed elevated, with the India VIX spiking even as geopolitical tensions still linger. Softer inflation data from Japan supported expectations of accommodative global policy. Structurally, markets remain constructive, though near‑term moves are likely to stay flow‑driven amid global uncertainties, keeping the buy‑on‑dips, sell‑on‑rallies trend intact,” he said.
More to come….