The Sensex rose 609 points to close at 77,496, while the Nifty advanced 182 points to settle at 24,178, holding above the 24,150 mark. In contrast, the Nifty Bank index remained largely flat, adding just 3 points to 55,404, indicating a lack of strong follow-through in financials.
Market breadth remained neutral, with the advance-decline ratio on the NSE at 1:1, reflecting a mixed trend beneath the headline indices. The midcap index slipped 43 points to 60,377, underperforming the benchmarks.
Among key movers, Reliance Industries extended its gains for a third straight session, rising 3%. ITC, Tech Mahindra, Maruti Suzuki and Coal India were among the top contributors to benchmark gains. Vedanta surged nearly 5% after reporting strong quarterly results, while Bandhan Bank jumped 11% following a sharp rise in its Q4 profit.
On the flip side, Dr Reddy’s Laboratories declined 2% despite receiving approval from Health Canada for semaglutide.Federal Bank also slipped nearly 6% from intraday highs despite posting strong earnings.
In the broader market, stocks such as JSW Infrastructure, Torrent Power, Zee Entertainment, Aurobindo Pharma and Polycab India featured among the top losers.
Meanwhile, a sharp surge in Brent crude prices towards $115 per barrel weighed on oil marketing companies, with BPCL falling over 1%, adding to the cautious undertone in trade.
