Nifty Ends Higher Amid IT Stock Rally and Volatility on Weekly Expiry: Indian stock market indices ended marginally higher for the second consecutive day on Thursday. Earlier, Sensex and Nifty opened in the negative zone as indicated by the Gift Nifty and immediately recovered their early losses.
The Nifty index hit a day high at 23270.80 and ended at 23205.35. The continuous rally in IT stocks due to a boost from strong 3rd quarterly earnings and relief from protectionist tariffs imposed during the Trump administration lifted investor’s sentiments. Meanwhile, banking and financial stocks kept the market rally in check.
Sensex and Nifty Today
The BSE Sensex was up by 115.40 points or 0.15% and closed at 76520.39, while the Nifty 50 index added 50 points or 0.22% and closed at 23205.35. The broader markets outperformed the benchmarks, as the Nifty midcap index was up by 1.86% and the Nifty smallcap index gained 1.12%.
The volatility in the market was high due to the Nifty weekly expiry today. The NSE’s volatility index “ India VIX” gained 1.46% to 15.28. The market breadth was on the buyer’s side. On the NSE, 1335 shares advanced, while 1075 shares declined today.
Stocks that were in News Today
UltraTech Cement shares gained more than 6% even after a 17% drop in Q3 profit to ₹1,470 crore, beating expectations due to a 3% revenue increase driven by higher volumes and better pricing.
KEI Industries shares jumped 11% in intraday after the company’s Q3 profit grew 9.4% YoY to ₹164.8 crore, with revenue up 20% to ₹2,467.2 crore.
The shares of Wipro hit a 52-week high today, gaining 5% in intraday, as the company’s Q3 profit rose 4.5% QoQ to ₹3,354 crore, with its EBIT margin at a three-year high.
Persistent Systems shares rose 10.33% after the company announced a 15% QoQ and 30% YoY increase in net profit to ₹372.99 crore, with revenue up 23% YoY to ₹3,062.3 crore.
Top Nifty gainers included UltraTech, Grasim, Wipro, and Eicher Motor, while BPCL, HCL Tech, Reliance, and Power Grid lagged.
Conclusion
In conclusion, the Indian stock market ended slightly higher for the second consecutive day, driven by a strong rally in IT stocks following robust Q3 earnings and eased tariff concerns. While banking and financial stocks limited the gains, broader markets outperformed, with midcap and smallcap indices posting notable gains.
High volatility due to the Nifty weekly expiry kept investors cautious, but market breadth remained positive, with more advancing than declining stocks. Key performers like UltraTech, Wipro, and Persistent Systems fueled optimism, while Nifty has a resistance level of around 23,300–23,400 remains crucial for further market momentum.
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