Sensex, Nifty 50 snap 2-day losing run; investors earn nearly ₹2 lakh crore— 10 key highlights from Indian stock market
The BSE Midcap and Smallcap indices also ended with gains of 0.48 per cent and 0.39 per cent, respectively.
Volatility index India VIX plunged 9 per cent to 16.42.
The overall market capitalisation of BSE-listed firms rose to nearly ₹ 445.5 lakh crore from nearly ₹ 444 lakh crore in the previous session, making investors richer by about ₹ 1.5 lakh crore in a day.
The Indian stock market ended higher amid positive global cues after a US federal court blocked President Donald Trump's reciprocal tariffs announced on April 2.
The market witnessed some volatility due to the expiry of May futures and options (F&O) contracts. However, investors bought shares on dips, as the medium- to long-term outlook remains positive, supported by a healthy macroeconomic environment.
"Global sentiment improved after a US court struck down Trump's reciprocal tax policy. However, the domestic market remained mostly rangebound during the day due to rising oil prices and higher US 10-year bond yields," said Vinod Nair, Head of Research, Geojit Investments Limited.
"Some recovery was seen toward the end of the session, driven by F&O expiry-led covering. Export-focused sectors like IT and pharma performed well, supported by hopes of easing trade tensions. Lack of positive domestic triggers and a drop in industrial output to an eight-month low could lead to short-term market consolidation," Nair said.
As many as 37 stocks closed higher in the Nifty 50 index.
Shares of IndusInd Bank (up 2.47 per cent), Sun Pharmaceutical Industries (2 per cent), and Eternal (up 1.8 per cent) ended as the top gainers.
HDFC Life Insurance Company (down 1.07 per cent), BEL (down 0.81 per cent) and Tata Consumer Products (down 0.68 per cent) closed as the top loser stocks in the index.
Only Nifty PSU Bank (down 0.24 per cent) and FMCG (down 0.13 per cent) ended with losses among major sectoral indices.
Nifty Metal (up 1.21 per cent), Realty (up 1.14 per cent), Pharma (up 0.92 per cent) and IT (up 0.77 per cent) closed with healthy gains.
Nifty Bank and Financial Services indices rose 0.23 per cent and 0.10 per cent, respectively.
Vodafone Idea (34.32 crore shares), MMTC (20.17 crore shares) and IFCI (15.06 crore shares) were the most active stocks in terms of volume on the NSE.
MMTC, Hindustan Motors, Veto Switchgears and Cables, STL Global and Godavari Biorefineries were among the 17 stocks that jumped over 10 per cent on the NSE.
Denta Water and Infra Solutions (down 10.48 per cent) and Sandur Manganese & Iron Ores (down 10.41 per cent) were the two stocks that crashed more than 10 per cent on the NSE.
As many as 106 stocks, including MMTC, Zen Technologies, Hindustan Motors and KPI Green Energy, hit their upper circuits in intraday trade on the NSE.
On the other hand, 81 stocks, including Orchid Pharma, V2 Retail, Indo Tech Transformers, and Borana Weaves, hit lower circuits during the session.
As many as 1,510 stocks advanced, while 1,373 declined and 64 remained unchanged on the NSE.
Some 92 stocks, including Mazagon Dock Shipbuilders, Deepak Fertilisers & Petrochemicals Corporation, Welspun Corp, Solar Industries India and Apollo Micro Systems, hit their 52-week highs in intraday trade on the BSE.
On the other hand, Orchid Pharma, National Standard (India), Lasa Supergenerics, Bharat Rasayan and CP Capital were among the 29 stocks that hit their 52-week lows.
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