Indian Stock Market Today: Nifty Settles Near 24,900, Sensex Ends 600 Points Up
The Indian stock market ended on a high note today, with Nifty crossing the 25,000 mark and Sensex gaining over 600 points, led by auto, FMCG, and financial stocks. The benchmarks gained for the third consecutive day, with Nifty Auto, Realty, and Metals leading the gains in the Nifty.
Nifty Auto Emerges as Top Gaining Sector
Nifty Auto emerged as the top gaining sector for the day, led by Maruti Suzuki, Ashok Leyland, and Apollo Tyres. The sector gained over 4% for the day, its best gain intraday in 2025. Other sectoral indices that gained over 1% for the day included Nifty Realty, Metals, and Financial Services.
Maruti Suzuki and Hero Moto Top Gainers
Maruti Suzuki and Hero Moto were the top gainers in the Nifty, with both stocks gaining over 4% for the day. Other stocks that gained significantly included Ashok Leyland, Godrej Industries, and KEC International.
Nifty Midcap and Smallcap Indices Gain
The Nifty Midcap 150 index gained over 1% for the day, led by Ashok Leyland and Godrej Industries. The Nifty Smallcap 250 index gained over 1.3% for the day, led by Amber, Pfizer, and KEC International.
Broader Market Indices Outperform Benchmarks
The broader market indices outperformed the benchmarks, with the Nifty Midcap and Smallcap indices gaining more than the Nifty and Sensex. This suggests that investors are becoming more optimistic about the market and are willing to take on more risk.
Global and Domestic Cues
Investors are keenly watching global and domestic cues to measure the sustainability of today’s rally. The Indian economy is expected to grow at a rate of 7% in the current fiscal year, and the government’s efforts to boost economic growth are expected to have a positive impact on the stock market.
Expert Take
According to Niraj Shah, the current rally in the stock market is driven by a combination of factors, including the government’s efforts to boost economic growth, the decline in crude oil prices, and the easing of monetary policy. However, he also cautioned that the market is likely to be volatile in the short term and investors should be prepared for any eventuality.
Stock-Specific News
The shares of Suzlon were down over 3% and trading at Rs 57.8 apiece, despite the 1.17% advance in the benchmark index Nifty 50. Kansai Nerolac had 1.02 million shares change hands in a block deal, and the stock price rose 1.36% intraday.
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