Mumbai’s stock market ended on a high note Thursday, snapping a three-day losing streak with both benchmark indices closing in positive territory. The BSE Sensex surged 397.74 points, or 0.49%, to settle at 82,307.37, while the Nifty 50 climbed 132.40 points, or 0.53%, at 25,289.90.
Defence stocks stole the show, propelling the Nifty India Defence Index up by a robust 2.67%. This sector’s strength overshadowed minor dips elsewhere, setting a bullish tone for the session.
Other notable gainers included the Nifty PSU Bank index, which rose 2.34%, followed by Nifty Pharma at 1.59%, Nifty PSE at 1.51%, Nifty Commodities at 1.25%, and Nifty Metal at 1.18%. In contrast, Nifty Realty fell 0.74% and Nifty Consumer Durables dropped 0.87%.
Among Sensex constituents, BEL, Tata Steel, Adani Ports, SBI, Bajaj Finserv, Asian Paints, Power Grid, Sun Pharma, Kotak Mahindra, HUL, Indigo, HCL Tech, NTPC, Trent, TCS, and UltraTech Cement emerged as top performers. Losers were led by Eternal (Zomato), Titan, ICICI Bank, Maruti Suzuki, and HDFC Bank.
The rally extended beyond large-caps, with midcaps and smallcaps also posting solid gains. The Nifty Midcap 100 index advanced 767.65 points or 1.34% to 58,191.30, and the Nifty Smallcap 100 rose 126.05 points or 0.76% to 16,677.25.
Broad market participation was evident, with 2,344 stocks advancing on the National Stock Exchange, against 849 decliners and 74 unchanged.
Market experts attributed the rebound to positive remarks from US President Donald Trump on Greenland and tariffs, boosting global sentiment. However, a weakening rupee against the dollar and sustained FII selling kept investors cautious.
Looking ahead, focus shifts to upcoming US GDP growth and inflation data, which could sway market directions. The session opened strong, with Sensex starting at 82,459.66 versus the previous close of 81,909.63, and Nifty at 25,344.15 from 25,157.50.
This recovery signals renewed investor confidence amid global cues, though volatility persists due to currency pressures and foreign outflows.
