Mumbai, June 25: The Indian stock market opened on a positive note on Thursday. The Sensex rose by 399.85 points, or 0.52%, reaching 77,391.07, while the Nifty gained 104.20 points, or 0.43%, to settle at 24,125.85.
In the early trading session, the IT and Realty sectors led the market rally. The Nifty IT and Nifty Realty indices recorded the highest gains. Other indices, including Nifty Auto, Nifty PSU Bank, Nifty Oil & Gas, Nifty Financial Services, Nifty Private Bank, and Nifty Services, also traded in the green, with only the Nifty Metal index showing a decline.
Both mid-cap and small-cap stocks followed the large-cap stocks in gaining momentum. The Nifty Midcap 100 index increased by 290 points, or 0.48%, to 62,426, while the Nifty Smallcap 100 index saw a slight rise of 5 points, reaching 18,879.
Among the Sensex pack, notable gainers included Indigo, M&M, Maruti Suzuki, Trent, ICICI Bank, UltraTech Cement, SBI, TCS, HDFC Bank, Kotak Mahindra Bank, Bajaj Finserv, Tech Mahindra, HUL, Axis Bank, NTPC, and HUL. On the losing side were Eternal, Titan, Infosys, Power Grid, Asian Paints, ITC, BEL, Tata Steel, and Sun Pharma.
Most Asian markets witnessed buying activity. Tokyo, Shanghai, Bangkok, Seoul, and Jakarta closed in the green, while Hong Kong ended in the red. The US stock markets had a mixed close on Wednesday, with the Dow Jones rising by 0.35% and the Nasdaq falling by 0.43%.
Experts attribute the market’s upward trend to the decline in crude oil prices, which have dropped to $73 per barrel. This is seen as positive for the country’s current account deficit and is expected to bolster India’s GDP growth while helping to control inflation in the fiscal year 2027.
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