Market extends winning streak to 5 days: 5 reasons why Sensex and Nifty ended higher

The equity benchmark indices BSE Sensex and NSE Nifty extended gains for a fifth consecutive session on Thursday (June 18), with broader markets outperforming and banking stocks lending support to the rally.

The Sensex rose 254 points to close at 77,410, while the Nifty gained 82 points to settle at 24,168, ending above the 24,150 mark. The Nifty Bank index outperformed, advancing 379 points to 57,964, while the Midcap index climbed 256 points to 62,379.

Here are five key reasons why the stock market gained today:

1. Banking stocks led the rally

The Nifty Bank index outperformed the broader market, with 11 of its 14 constituents ending higher. Strength in banking stocks helped support benchmark indices through the session.

2. Broader markets remained strong

Midcap stocks outperformed frontline indices, with the Midcap index gaining 256 points. The broader market strength aided the market's fifth straight session of gains.

3. Bata surged after the leadership announcement

Bata India recorded its biggest single-day gain in 20 years, rising more than 16% after the company appointed a new Managing Director and Chief Executive Officer.

4. Stock-specific triggers boosted sentiment

Several stocks gained on company-specific developments. HFCL rose 5% after securing a ₹2,666 crore order from RVNL for the supply of telecom equipment. Kirloskar Ferrous jumped 7% after winning a $13.5 million contract for the supply of basic-grade pig iron.

JBM Auto gained 2% after its subsidiary received a ₹750 crore investment from Motilal Oswal. Redington climbed 9% following reports of Apple price hikes amid rising chip costs. Bajaj Auto recovered from intraday lows and ended higher after announcing June 24 as the record date for its share buyback.

5. Consumer, retail and textile stocks advanced

Nykaa gained over 6% after stating its aim to triple revenue by FY30. Textile stocks rallied after the India-UK Free Trade Agreement was set to take effect from July 15, 2026, with Gokaldas Exports rising 7%.

Among Nifty constituents, Max Health, IndiGo, Trent and Adani Enterprises emerged as the top gainers. On the sectoral front, Nifty IT snapped its three-day gaining streak and was the top losing sectoral index.

From the Sensex basket, Max Healthcare Institute Ltd, Trent Ltd, Bharat Electronics Ltd, State Bank of India, HDFC Bank Ltd and Eicher Motors Ltd were the major gainers.

Infosys Ltd, Tata Consumer Products Ltd, Maruti Suzuki India Ltd, Hindustan Aeronautics Ltd, Coal India Ltd and Tata Consultancy Services Ltd were the biggest laggards.

Market breadth remained neutral, with the NSE advance-decline ratio at 1:1.