Markets Surge: Nifty and Sensex Soar 3% at Midday
Indian stock markets are witnessing a robust rally with Nifty 50 and BSE Sensex surging by approximately 3%. Cables and Aviation sectors lead gains, while Energy sector faces significant pressure, down 17.24%. Notable corporate announcements from Bajaj Housing Finance, Canara Bank, Brigade Hotel Ventures, and CONCOR are influencing individual stock movements. Despite the overall positive momentum, sectoral performance remains mixed with several key sectors in the red.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are witnessing a robust rally at midday, with both benchmark indices, Nifty 50 and BSE Sensex, surging by approximately 3%.
| Index | Current Price | Previous Close | Change | % Change | Last Updated |
|---|---|---|---|---|---|
| Nifty 50 | 25,842.15 | 25,088.40 | 753.75 | 3.00% | 03/02/2026 12:01:13 |
| BSE Sensex | 84,110.96 | 81,666.46 | 2,444.50 | 2.99% | 03/02/2026 12:01:22 |
Sectoral Performance
The market is witnessing a mixed sectoral performance, with some sectors outperforming while others face significant pressure.
Top Performing Sectors
- Cables (Avg. Per Change: +5.92%)
- Aviation (Avg. Per Change: +3.73%)
Top Losing Sectors
- Energy (Avg. Per Change: -17.24%)
- Commercial Services (Avg. Per Change: -12.62%)
- Realty (Avg. Per Change: -8.85%)
- Forest Materials (Avg. Per Change: -8.81%)
- Financial Services (Avg. Per Change: -8.70%)
Buzzing Stocks
Several stocks are making headlines today due to significant corporate announcements:
Bajaj Housing Finance Limited: The company's Board has approved the appointment of Shri Ajay Kumar Choudhary as Additional Director (Independent) for a five-year term, effective March 1, 2026, subject to member approval.
Canara Bank: The bank successfully redeemed its Rs. 120 crore Basel III AT1 bonds on February 2, 2026, paying a total amount of Rs. 129.96 crore, including annual interest to bondholders.
Brigade Hotel Ventures: The company has entered into an agreement with the Tamil Nadu government for a ₹1100 crore investment in Chennai, planning three new hotels with over 500 rooms combined.
Container Corporation of India (CONCOR): The company is scheduled to finalize an important deal today involving three key ports, marking a significant development in its port operations strategy.
Conclusion
As the trading session progresses, the Indian markets are showing strong positive momentum, with both Nifty 50 and Sensex posting substantial gains. However, the sectoral performance remains mixed, with some sectors facing significant selling pressure. Investors are closely watching the developments in individual stocks, particularly those with recent corporate announcements.
19
