Mumbai’s stock market painted a green picture for the second consecutive day, with the Sensex closing higher by 487.20 points, or 0.60 percent, at 82,344.68. The Nifty also advanced 167.35 points, or 0.66 percent, to settle at 25,342.75, reflecting robust investor confidence amid sector-specific gains.
Defense stocks emerged as the undisputed stars of the session, propelling the Nifty Defence Index to a stellar 6.95 percent gain. Standouts included Data Patterns, BEML, Solar Industries, and BEL, which posted sharp rises and drew significant buying interest. This surge underscored the sector’s resilience and appeal in the current market environment.
Broader market strength was evident across multiple indices. The Nifty PSE climbed 4.61 percent, while Oil & Gas rose 3.40 percent, Metals gained 2.34 percent, Commodities 2.26 percent, Media 2.13 percent, PSU Bank 1.68 percent, and Realty 1.57 percent. Even midcap and smallcap segments shone brightly, with the Nifty Smallcap 100 up 2.26 percent at 16,790.95 and Nifty Midcap 100 advancing 1.66 percent to 58,438.60.
On the flip side, FMCG dipped 0.71 percent, Pharma softened 0.22 percent, and Healthcare edged down 0.20 percent, showing selective profit-taking in defensive pockets.
Market analysts attribute today’s rally primarily to the recent India-EU Free Trade Agreement, which boosted sentiment in metals, financials, and oil & gas sectors. However, some selling pressure was noted in oil & gas and FMCG counters. Globally, investors remain glued to cues from the US Federal Reserve, though expectations of rate changes are minimal.
Looking ahead, the focus will sharpen on the Fed’s commentary regarding interest rates. The session opened on a strong note, and by mid-morning, the Sensex was up 483.28 points at 82,340.76, with Nifty at 25,328.85, signaling sustained momentum.