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India Today
14 hours ago
- Business
- India Today
Sensex ends 1,046 points higher, Nifty above 25,100; Bharti Airtel jumps 3%
Benchmark stock market indices rallied on Friday, with Dalal Street adding over 1%, ending the week on a high note. Heavyweight financial and banking sector stocks surged, pushing markets S&P BSE Sensex jumped 1,046.30 points to end at 82,408.17, while the NSE Nifty50 added 319.50 points to close at 25, Nair, Head of Research, Geojit Investments Limited, said that the equity indices surged as Middle East tension moderated with risk of immediate military actions reduced as US dialogue with Iran is expected to take development led the crude price to correct, favouring domestic markets and boosting foreign investors' sentiments," he Airtel topped the gainers with an impressive 3.27% surge, followed by Mahindra & Mahindra up 2.93%, PowerGrid rising 2.38%, Reliance Industries gaining 2.16%, and Nestle India adding 1.97%. On the losing side, Maruti Suzuki was the only major decliner, falling 0.02% in an otherwise positive session for the index."In the broader market, rapid fall in VIX index and buying was witnessed in rate sensitives and consumer oriented sectors like Finance, Auto and Reality and in anticipation of better Q1 FY26 results led by rate cuts benefits, drop in inflationary pressure and rebound in consumer spending," said broader market indices ended strongly with Nifty Midcap 100 gaining 1.46%, Nifty Smallcap up 1.01%, while India VIX fell 4.08%.All sectoral indices closed in positive territory, led by Nifty Realty surging 2.11%, followed by Nifty PSU Bank up 1.64%, Nifty Financial Services gaining 1.49%, Nifty Metal rising 1.39%, Nifty Healthcare adding 1.07%, Nifty Auto up 1.04%, Nifty Private Bank gaining 1.03%, Nifty Oil & Gas rising 0.91%, Nifty IT adding 0.84%, Nifty Pharma up 0.80%, Nifty Consumer Durables gaining 0.73%, Nifty FMCG rising 0.64%, and Nifty Media advancing 0.35%.advertisementThere were no sectors in the red as the market witnessed broad-based buying across all segments. Realty and PSU banks led the rally while all other sectors participated in the positive closing session on Friday.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Economic Times
10-06-2025
- Business
- Economic Times
Market Wrap: D-Street ends flat as banks offset global optimism; Sensex sheds 53 points, Nifty holds 25,100
The benchmark BSE Sensex closed marginally lower on Tuesday, while the broader NSE Nifty 50 ended unchanged, as profit booking in financial stocks outweighed optimism stemming from U.S.-China trade talks and policy support from the Reserve Bank of India. Tired of too many ads? Remove Ads Sector Watch Tired of too many ads? Remove Ads Expert View The benchmark BSE Sensex closed marginally lower on Tuesday, while the broader NSE Nifty 50 ended unchanged, as profit booking in financial stocks outweighed optimism stemming from U.S.-China trade talks and policy support from the Reserve Bank of BSE Sensex fell 53.49 points, or 0.06%, to settle at 82,391.72, while the NSE Nifty eked out a modest gain of 1.05 points to close at 25, benchmarks Sensex and Nifty opened higher, rising around 0.4% in early trade, but later gave up gains to end largely heavyweight financial stocks were the biggest drag on the session. The Nifty Financial Services and Nifty Bank indices declined 0.5% and 0.4%, respectively, after a four-day rally that saw financials gain 2.8%.Benchmark constituents HDFC Bank and ICICI Bank shed 0.6% and 0.8%, technology stocks outperformed, with the Nifty IT index rising 1.7% on the day, buoyed by optimism surrounding U.S.-China trade negotiations. The sector benefits significantly from U.S. the 30-stock Sensex pack, Tech Mahindra, Tata Motors, Infosys, HCL Technologies, IndusInd Bank, UltraTech Cement, TCS, and ITC were among the top gainers , advancing between 1% and 2.3%.Meanwhile, Asian Paints, Bajaj Finance, Tata Steel, ICICI Bank, Maruti Suzuki and Reliance Industries were the biggest laggards on Sensex, falling up to 1.3%.Broader markets edged higher, with the more domestically focused Nifty Smallcap 100 and Nifty Midcap 100 rising 0.1% and 0.01%, domestic equity benchmarks traded within a narrow range as investors adopted a cautious approach following the recent rally driven by favourable domestic macroeconomic indicators and concerns over stretched valuations, said Vinod Nair, Head of Research, Geojit Investments."However, the overall sentiments remained on the positive side on account of optimism around U.S.-China trade negotiations. Additionally, a firm U.S. dollar acted as a tailwind for export-oriented sectors, particularly IT and Pharma, which attracted strong buying interest," said Nifty has sustained above the previous consolidation zone on the daily timeframe, indicating a continuation of the uptrend, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the positive sentiment is likely to persist and that the sentiment favours long trades as long as the index remains above the key support level of 24,850."On the higher side, the index may move towards 25,350 in the short term, with the potential for an extended rally if it breaks decisively above 25,350. However, a fall below 24,850 could trigger a correction," said De.
