Domestic equity indices saw further gains in the mid-market session, with the SENSEX rising by 800 points and the NIFTY50 crossing the 23,600 mark. The market was buoyed by strong buying activity from both funds and retail investors, especially in sectors like Bank, Auto, and Financial Services. The BSE MidCap and SmallCap indices also followed suit, gaining 0.50-0.85%.
Positive cues from Asian markets, along with a report indicating India’s fiscal and monetary policies are focused on growth and cyclical recovery, helped bolster investor sentiment. The Union Budget’s faster-than-expected pace of fiscal consolidation added further optimism.
Sector-wise, traders were actively purchasing stocks in Capital Goods, PSU, Industrials, Oil & Gas, and Energy, while selling was observed in Consumer Discretionary, FMCG, and Consumer Durables.
Notable stock gainers included Larsen & Toubro, Tata Motors, Axis Bank, SBI, and IndusInd Bank. On the downside, stocks like Trent, Britannia, and Hero MotoCorp saw losses. On the global front, most Asian indices were in the green following the announcement that U.S. President Donald Trump had paused tariffs on Mexico and Canada.
At mid-session, the SENSEX stood at 77,781.55, up 594.81 points, and the NIFTY50 traded at 23,540.75, up 179.70 points.
