Equity benchmarks managed to recover from their early losses and traded with minor gains in the morning session on Thursday. After hitting a low of 22,464.75 in early trade, the Nifty managed to trade above the 22,550 mark, buoyed by a rally in select sectors.
At 10:30 AM IST, the S&P BSE Sensex added 143.20 points, or 0.19%, to reach 74,488.30. Meanwhile, the Nifty 50 index rose 48.10 points, or 0.21%, to 22,592.80, reflecting a positive sentiment in the market.
The broader market outperformed the frontline indices, with the S&P BSE Mid-Cap index up 0.39%, and the S&P BSE Small-Cap index adding 1.02%. The market breadth remained strong, as 2,678 stocks advanced while 901 declined on the BSE, with 158 stocks unchanged.
Media Sector Shines
The media sector continued to show strong momentum, extending gains for the fourth consecutive trading session. The Nifty Media index rose 1.32% to 1,481.45, taking its cumulative gains to 8.01% over the last four trading sessions. Leading the gains, Zee Entertainment Enterprises surged 4.4%, while Network 18 Media & Investments rose 1.57%. Other media stocks, including Den Networks, Hathway Cable & Datacom, and Dish TV India also posted notable gains. However, PVR Inox and Sun TV Network saw minor losses.
Stocks in the Spotlight
Shares of Inox Wind surged 7.65% after the company secured a 153 MW order from a leading renewable energy developer. Kalpataru Projects International gained 3.60% following the announcement of new orders worth Rs 2,306 crore. Bharat Electronics rose 2.55% after securing additional orders worth Rs 577 crore since February 20, 2025. These positive developments contributed to the overall strength of the market.
