Mumbai: The Indian stock markets closed in the green for the third consecutive day on Thursday, buoyed by optimistic projections in the recently released economic survey. The BSE Sensex ended 221.69 points, or 0.27%, higher at 82,566.37, while the NSE Nifty gained 76.15 points, or 0.30%, to close at 25,418.90.
The market rally was largely driven by strong buying in metal and energy stocks. Sectoral indices reflected this trend with Nifty Metal rising 3.07%, Nifty Energy up 1.87%, Nifty Commodities gaining 1.58%, and Nifty Private Bank increasing 1.03%. Other sectors like Nifty Infrastructure, Nifty PSE, and Nifty Oil & Gas also recorded gains ranging from 0.78% to 0.85%.
On the other hand, sectors such as Nifty India Defence, Nifty Healthcare, Nifty FMCG, Nifty Pharma, Nifty PSU Bank, Nifty IT, and Nifty Auto ended the session lower, with declines between 0.68% and 1.21%.
Midcap and smallcap stocks outperformed largecaps, with the Nifty Midcap 100 index rising 102.40 points (0.18%) to 58,541 and the Nifty Smallcap 100 index gaining 34.05 points (0.20%) to close at 16,825.
Among individual stocks, Tata Steel, L&T, Axis Bank, ITC, NTPC, Adani Ports, ICICI Bank, Power Grid, Bharti Airtel, SBI, HDFC Bank, and Bajaj Finserv were notable gainers. Meanwhile, Asian Paints, Indigo, Maruti Suzuki, BEL, Mahindra & Mahindra, TCS, Sun Pharma, HUL, Trent, Titan, ITC, and Ultratech Cement were among the laggards.
Market experts attributed the positive sentiment to the economic survey’s strong growth estimates for the financial year 2026-27. Additionally, rising geopolitical tensions between the US and Iran have contributed to a surge in precious metals prices. As a result, gold prices on the MCX crossed ₹1.70 lakh per 10 grams, while silver surged above ₹4 lakh per kilogram.
The overall market movement reflects cautious optimism among investors, balancing domestic growth prospects with global uncertainties.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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