Mumbai: Indian stock indices scaled new heights today, with the Sensex leaping over 450 points to an intraday high of 82,216.94 and the Nifty 50 touching 25,108, driven by robust gains in the banking and financial sectors. Strong investor confidence was sparked by positive business updates and supportive policy reforms from the Reserve Bank of India.
Leading the gains were Jio Financial Services (+1.42%), Bharti Airtel (+1.35%), and HDFC Bank. These stocks outperformed other blue chips as traders looked ahead to the September quarter’s earnings season and festive business trends.
Broader indices also recorded healthy growth, with the Nifty Midcap 100 up 0.46% and Smallcap 100 climbing 0.39%. The session saw most sectoral indices, except FMCG, PSU banks, media, and IT, posting gains. Real estate and energy stocks stood out among sectoral performers.
| Stock | Percentage Gain |
|---|---|
| Jio Financial Services | +1.42% |
| Bharti Airtel | +1.35% |
| HDFC Bank | Approx +1% |
| HCL Technologies | +1.26% |
| Bajaj Auto | +1.23% |
Market analysts attribute today’s rally to upbeat Q2 business updates from large-cap firms, early festive season spending, and rising GST collections, underscoring optimism about India’s growth trajectory.
The Sensex finally settled with a gain of 136 points at 81,926 levels, while the Nifty closed at 25,108 after trimming some intraday gains due to profit-booking in select sectors. Overall, it marks the fourth consecutive session of market advances powered by financials, banking, and communications majors.
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