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HomeMarket NewsMarket extends Tuesday’s gains, Nifty ends above 25,750 as IT slides, broader markets outperform
Markets extended Tuesday’s gains to end at a three-week high, with the Nifty closing above 25,750 and the Sensex at 83,818, supported by Reliance Industries, private banks and strength in broader markets. The Nifty IT index slid 5% on worries around the Anthropic AI tool, while HAL fell 6% on reports of losing out on a jet fighter order.
The equity benchmark indices BSE Sensex and NSE Nifty extended Tuesday’s gains to close at a three-week high, supported by heavyweight stocks and strong action in broader markets, even as the IT pack witnessed a sharp sell-off. The Sensex rose 79 points to settle at 83,818, while the Nifty added 49 points to close at 25,776, holding comfortably above the 25,750 mark.
Gains were led by Reliance Industries and private sector banks, which helped the benchmarks stay in positive territory. The Nifty Bank index advanced 197 points to 60,238, outperforming the frontline indices. Broader markets continued their strong run, with the midcap index rising 377 points to 59,684. Market breadth remained supportive, with the NSE advance-decline ratio at 2:1.
From the Sensex basket, Trent Ltd, Oil and Natural Gas Corporation Ltd, NTPC Ltd, Adani Ports & Special Economic Zone Ltd, Power Grid Corporation Of India Ltd and Maruti Suzuki India Ltd were the major gainers. Infosys Ltd, Tata Consultancy Services Ltd, Hindustan Aeronautics Ltd, HCL Technologies Ltd, Tech Mahindra Ltd and Wipro Ltd were the biggest laggards.
