Benchmark stock market indices closed higher on Thursday, driven by gains in metal and information technology (IT) stocks ahead of Q2 results from TCS.
The S&P BSE Sensex added 398.44 points to end at 82,172.10, while the NSE Nifty50 gained 135.65 points to close at 25,181.80.
“Despite mixed global cues, Indian markets opened the day on a subdued note but quickly gained strength, with Nifty trading positively throughout the session and closing near the day’s high,” said Ashika Institutional Equities.
“Sectorally, metals, IT, healthcare, pharma, and PSU banks led the rally, while media stocks posted a flat performance. Pharma shares received a particular boost as the Trump administration clarified it will not impose tariffs on generic drug imports from overseas,” it added.
Tata Steel was the top gainer, rising 2.65%, followed by HCL Technologies which gained 2.21%. UltraTech Cement advanced 1.68%, Sun Pharmaceutical Industries added 1.64%, and Bharat Electronics Limited climbed 1.42%.
Axis Bank was the biggest loser, slipping 0.90%, followed by Titan Company down 0.41%, Maruti Suzuki losing 0.21%, Tata Motors falling 0.18%, and HDFC Bank edging 0.16% lower.
The Nifty indices displayed a positive picture as trading ended today. The Nifty Midcap100 gained 0.97% while Nifty Smallcap100 rose 0.61%, and India VIX dropped 1.86%.
All sectoral indices closed in positive territory with Nifty Metal leading at 2.17%, followed by Nifty IT at 1.12%, Nifty Healthcare at 1.07%, Nifty Pharma at 1.05%, Nifty Realty at 0.74%, Nifty PSU Bank at 0.61%, Nifty Financial Services at 0.48%, Nifty Oil & Gas at 0.46%, Nifty FMCG at 0.40%, Nifty Private Bank at 0.40%, Nifty Auto at 0.24%, Nifty Media at 0.10%, and Nifty Consumer Durables at 0.04%.