Indian equity benchmarks recorded substantial gains on the opening session of the week, boosted by persistent buying across heavyweight constituents. Following an upbeat opening, domestic equities maintained their upward trajectory throughout the trading hours. The BSE Sensex settled higher by 1233.25 points, representing an advance of 1.66 percent, to finish at 75,692.78. Simultaneously, the broader NSE Nifty 50 index surged 387.70 points, or 1.68 percent, closing the day firmly at 23,440.80. Heavyweight stocks took the reins to guide indices into comfortably green territory.
Reliance Industries and Tata Steel Lead the Rally
The primary catalyst behind the broad market advance was India's most valuable enterprise, Reliance Industries, which witnessed aggressive accumulation. Shares of Reliance Industries rallied by an impressive 11.64 percent, emerging as the top gainer on the Sensex board. Metal heavyweight Tata Steel also attracted notable buying interest, closing up by 5.64 percent. Among other notable blue chips, cement manufacturer UltraTech Cement advanced 2.75 percent, while public sector lender State Bank of India gained 2.71 percent. State-run power utility NTPC added 2.37 percent, passenger vehicle leader Maruti Suzuki rose 2.16 percent, and non-banking financial lender Bajaj Finance ended 2.02 percent higher.
Broad Market Breadth Favors Buyers across Blue Chips
Market breadth across primary indices remained overwhelmingly tilted in favor of advancers. Within the 30-stock Sensex basket, 23 counters concluded the session in positive territory, whereas only 7 constituents slipped into the red. On the NSE Nifty 50, a solid majority of 38 companies closed with gains, leaving just 12 components trading with losses. This distribution underscored sustained momentum across key sectors, supporting the benchmark indices from the opening bell to the final bell.
Notable Gainers across Diverse Industry Segments
Gains extended into engineering, defense, consumption, and financial services counters on the BSE benchmark. Capital goods conglomerate L&T rose 2.00 percent, alongside state-owned defense electronics maker BEL, which gained 1.91 percent. Fast-moving consumer goods bellwether Hindustan Unilever climbed 1.72 percent, and decorative paint manufacturer Asian Paints increased 1.43 percent. Financial holding firm Bajaj Finserv gained 1.27 percent, and airline operator IndiGo added 1.21 percent. Private sector lender HDFC Bank climbed 1.04 percent, automotive major Mahindra & Mahindra advanced 0.91 percent, and retail giant Trent picked up 0.89 percent. Telecom operator Bharti Airtel rose 0.83 percent, Power Grid climbed 0.55 percent, lifestyle brand Titan advanced 0.50 percent, port operator Adani Ports added 0.43 percent, Eternal ticked up 0.20 percent, FMCG conglomerate ITC gained 0.15 percent, and technology provider HCL Tech finished 0.14 percent higher.
IT Pack and Selective Private Lenders Face Pullback
Despite the prevailing bullish sentiment, the technology sector experienced selling pressure during the session. The country's second-largest IT services exporter, Infosys, fell 1.61 percent to end as the biggest laggard among Sensex stocks. Additional softness in the tech bucket was recorded in Tech Mahindra, which slipped 0.38 percent, and Tata Consultancy Services, down by 0.04 percent. Selective private banking counters also closed lower, with Kotak Mahindra Bank declining 0.65 percent, ICICI Bank shedding 0.63 percent, and Axis Bank falling 0.47 percent. Healthcare major Sun Pharma also retreated, ending 0.58 percent lower.
