India’s benchmark indices witnessed a strong upward move on Thursday, buoyed by positive cues from Asian markets and softening U.S. Treasury yields. The Sensex jumped 400 points intraday, settling 262.33 points higher at 81,260.58, while the Nifty closed above the 24,700-mark, up 83.30 points at 24,703.50. A broad-based market rally was visible, with 2,181 stocks advancing, 1,084 declining, and 138 remaining unchanged, reflecting robust domestic investor sentiment.
Highlights:
Sensex rises 262 pts to 81,260; Nifty ends at 24,703.
Broader market strength: 2,181 advances vs 1,084 declines.
All 13 sectoral indices in green; Midcap and Smallcap indices also rise.
Global factors: U.S. yields, dollar ease, boosting Asian equities.
Sectoral Indices and Key Stocks Lift Sentiment
All major sectoral indices traded in the green, led by oil & gas, pharma, telecom, and realty, each gaining between 0.5% and 1%. The BSE Midcap index edged up 0.3%, while the Smallcap index climbed 0.6%, supported by increased retail and domestic institutional participation. Among the top-performing Sensex stocks were L&T, Power Grid, Sun Pharma, Reliance, M&M, and HCL Tech. On the downside, Bajaj Finserv, Bajaj Finance, Axis Bank, Nestle, and HUL faced mild selling pressure in early trade.
Highlights:
Oil & gas, pharma, telecom, and realty sectors gain up to 1%.
Midcap index +0.3%, Smallcap index +0.6%.
Top Sensex gainers: L&T, Power Grid, Reliance, M&M.
Losers: Bajaj twins, Axis Bank, Nestle, HUL.
FIIs Turn Net Buyers; Market Activity Boosted by Stock-Specific Action
Foreign Institutional Investors (FIIs) turned net buyers, purchasing Rs 1,076.18 crore worth of equities on Wednesday, providing strong support to Indian equities. Stock-specific movements also added momentum—Waaree Energies gained 3% after announcing plans to offload a 1.15% stake in Indosolar via OFS. Angel One jumped 2% following its robust May update, showcasing a 34% YoY surge in client base. HAL shares advanced 2% after the defence PSU denied reports of a stalled GE414 engine deal, easing investor concerns.
Highlights:
FIIs net buyers with Rs 1,076 crore inflows on Wednesday.
Waaree Energies up 3% on Indosolar OFS plan.
Angel One gains 2% post strong May client metrics.
HAL rises 2% after clarification on GE414 engine deal.
Global Markets Mixed as Investors Digest Fed, Trade Updates
Global market sentiment remained mixed, with S&P 500 futures little changed. In Asia, Japan’s Topix fell 1%, while Australia’s ASX 200 dipped 0.2%. Conversely, Hong Kong’s Hang Seng rose 0.4%, and Shanghai Composite traded flat. European markets opened cautiously, with Euro Stoxx 50 futures showing no major movement, as global investors awaited clarity on trade policies and upcoming U.S. Federal Reserve actions.
Highlights:
S&P 500 futures flat; Japan’s Topix down 1%.
Hong Kong’s Hang Seng up 0.4%; Shanghai little changed.
Euro Stoxx 50 futures steady amid cautious European trade.
