The BSE Sensex rose 544 points to close at 76,809, while the NSE Nifty gained 135 points to settle at 23,989. The Nifty Bank index advanced 98 points to 57,297, while the Midcap Index added 252 points to end at 61,802.
Technology stocks led the gains, helping Nifty IT emerge as the top-performing sectoral index for the second straight session. HCLTech climbed nearly 4% after announcing the acquisition of a 10.5% stake in Sarvam AI for ₹1,427.25 crore. Reliance Industries, HDFC Bank, Hindustan Unilever and HCLTech were among the biggest contributors to the Nifty’s gains.
Oil marketing companies also recovered from intraday lows, with IOC, HPCL and BPCL rising nearly 1% after Brent crude slipped below $82 a barrel. Petronet LNG and GAIL gained after Qatar signalled a rapid restart of LNG production following the reopening of the Strait of Hormuz.
Among individual stocks, Bandhan Bank rose over 2% after approving the sale of non-performing assets worth ₹304 crore to an asset reconstruction company through the Swiss Challenge method. Bondada Engineering gained more than 3% after securing a ₹1,338 crore order from NTPC Renewable Energy.
On the downside, General Insurance Corporation fell over 7% after the government announced plans to sell up to a 5% stake at a discount of more than 9%. Metal stocks also came under pressure, with Nalco declining 4% and Hindalco falling over 3% as aluminium prices weakened. Meesho slipped nearly 4% from its intraday highs after 2.7 crore shares worth ₹448 crore changed hands in a block deal.
FACT, Coforge, Suzlon Energy, SBI Card and Prestige Estates were among the top gainers in the midcap space. Market breadth remained positive, with advancing shares outnumbering declines in a 3:2 ratio on the NSE.
The rupee strengthened further, ending at 94.56 against the US dollar compared with Monday’s close of 94.71.
