It was a sea of green on the stock market today as Indian equities staged a powerful recovery, ending the week on a high note.
The benchmark Sensex soared by over 918 points to reclaim the 77,550 level, while the Nifty 50 comfortably crossed the 24,000 mark to settle at 24,050.60. The overall mood was one of renewed optimism, with investors shaking off recent volatility to hunt for value in heavyweights.
The sector performance painted a clear picture of a market driven by domestic strength. Leading the pack was the Nifty Auto index, which jumped 2.85%, buoyed by strong buying interest in Mahindra & Mahindra.
The financial powerhouse of the country also flexed its muscles; the Nifty Bank surged nearly 2%, or 1,091 points, as both private and public sector lenders saw heavy accumulation. The Nifty PSU Bank and Nifty Private Bank indices each climbed roughly 2%, reflecting broad-based confidence in the credit cycle.
Among the top gainers, Asian Paints emerged as the star performer, climbing nearly 4%. Banking giants ICICI Bank, Axis Bank, and State Bank of India were also instrumental in the day’s rally, each posting gains of well over 2%.
Even the aviation sector saw tailwinds, with IndiGo (InterGlobe Aviation) rising 2.42% by the closing bell.
However, it wasn’t a universal party on Dalal Street. The technology sector continued to face headwinds, acting as the primary drag on the benchmarks. The Nifty IT index shed nearly 2%, weighed down by heavyweights like Infosys and Tata Consultancy Services, which fell 2.94% and 2.45% respectively.
Joining the list of top losers was Sun Pharma, which witnessed a sharp correction of 3.65%, making it the biggest laggard of the day among major stocks.
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