Stock Market LIVE Highlights: Nifty Holds Above 24,950, Sensex Jumps 350 Points; IT And PSU Banks Rally, Auto Stocks Dip

Indian markets ended on a positive note for the sixth consecutive day, with the Nifty closing just below the 25,000 mark at 24,973, up 104.5 points (0.42%). The Sensex rose 324 points to 81,425. Key sectors showed mixed performance — the IT index surged 2.6%, buoyed by strong earnings outlooks from companies like Oracle, while PSU banks gained 2.2% on reports of government consolidation plans. Defence stocks, led by Bharat Electronics and BDL, also attracted buying interest. Meanwhile, the auto sector saw profit booking, slipping 1%, with major names like M&M, Maruti Suzuki, and Bajaj Auto among the top Nifty losers. Midcap and smallcap indices rose modestly by 0.7%. Overall market breadth favored advances with a 3:2 advance-decline ratio, reflecting cautious optimism despite sectoral divergences.

• Sensex closes at 81,425.15, up 323.83 points (0.40%)

• Nifty ends at 24,973.10, rising 104.50 points (0.42%)

• Sensex rose by 357.76 points (0.44%) to 81,459.08
• Nifty gained 105.70 points (0.43%) to 24,974.30

Wall Street’s major indexes closed at all-time highs on Tuesday, sparking optimism among investors betting on upcoming Federal Reserve interest rate cuts to support economic growth. The S&P 500 climbed 0.27% to 6,512.61 points, surpassing last week’s record, while the Nasdaq rose 0.37% to 21,879.49 points for its second straight record close. The Dow Jones Industrial Average also hit a fresh peak, gaining 0.43% to 45,711.34 points.

This rally was fueled by excitement over artificial intelligence and hopes for lower borrowing costs ahead. Meanwhile, UnitedHealth’s strong performance and a downward revision of U.S. payrolls by 911,000 jobs added to the positive sentiment.

Across Asia, markets mostly traded higher, and GIFT Nifty signaled a positive open, showing that global cues are lifting investor confidence. However, U.S. futures showed mixed signals after the record Wall Street close overnight.

In commodities, oil prices rose slightly after Israel attacked Hamas leadership in Qatar, and U.S. President Donald Trump urged Europe to impose tariffs on Russian oil buyers. Brent crude moved up to $66.74 a barrel, and West Texas Intermediate rose to $62.99.

Gold continued to climb, fueled by Fed rate-cut expectations, while tech giants like Oracle and Apple made waves with cloud growth and new iPhone launches.

How are you positioning yourself in this upbeat yet cautious market?

On Tuesday, the Indian stock market had a good day with strong gains. The Nifty closed above 24,850 points, rising by 95.45 points or 0.39%. The Sensex also gained 314 points, closing at 81,101.32. Both the BSE Midcap and Smallcap indices went up by 0.2%.

The market was mainly supported by IT, pharma, and FMCG stocks. The IT sector did very well, rising by 2.8%, while pharma and FMCG went up by 0.5% each. However, the oil & gas and real estate sectors fell slightly by 0.3%.

Some of the biggest winners on the Nifty were Infosys, Dr Reddy’s Labs, Wipro, Tech Mahindra, and Adani Ports. On the other hand, stocks like Eternal, Trent, Jio Financial, Tata Motors, and Titan Company saw losses.

Overall, it was a positive day for most sectors in the Indian stock market.

GIFT Nifty trends suggest a strong opening for Indian markets, pointing to positive investor sentiment. As of early trade, GIFT Nifty showed a gain of 42 points or 0.17%, indicating a likely upbeat start for the broader index. Nifty futures were initially trading around the 25,005.50 mark.

By 8:30 AM, the futures surged further to 25,025.00, marking a rise of 150 points from the previous close. This momentum reflects optimism in global and domestic cues, setting the tone for a potentially bullish trading session ahead in the Indian equity markets.