Nifty, Sensex Close Strong: Aviation and Cables Sectors Soar Amid Market Uptick
Indian markets closed positively with Nifty 50 up 0.71% at 25,323.55 and Sensex gaining 0.70% to 82,605.43. Aviation led sectoral gains at 2.02%, while Energy plummeted 11.69%. TCS, HCLTech, and Persistent Systems made headlines with strategic moves and strong results. Market breadth was positive with 2,628 advancing stocks out of 4,540 traded.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock market concluded on a positive note, with both benchmark indices, Nifty 50 and BSE Sensex, registering significant gains. The Nifty 50 closed at 25,323.55, up 178.05 points or 0.71% from its previous close. Similarly, the BSE Sensex ended at 82,605.43, gaining 575.45 points or 0.70%.
Sectoral Performance
The day saw a mixed performance across sectors, with some outperforming while others faced headwinds.
Top Performing Sectors
| Sector | Average Percentage Change |
|---|---|
| Aviation | 2.02% |
| Cables | 1.95% |
| Diamond, Gems and Jewellery | 1.82% |
| Engineering Services | 1.70% |
Top Losing Sectors
| Sector | Average Percentage Change |
|---|---|
| Energy | -11.69% |
| Commercial Services | -10.24% |
| Textiles | -7.12% |
| Forest Materials | -6.92% |
| Financial Services | -6.25% |
Buzzing Stocks
Several stocks made headlines during the trading session:
Tata Consultancy Services (TCS): Announced a joint 'Innovation and Automation Office' with Kingfisher PLC, focusing on AI-driven changes. TCS also refuted allegations made by an anonymous Reddit user regarding workplace toxicity.
HCLTech: Partnered with GSMA for the Open Gateway initiative, becoming the first global technology company to join the program.
Persistent Systems: Reported a 45% jump in quarterly net profit to ₹471.5 crore, with revenue growing 23.5% to ₹3,580.7 crore. The stock surged over 7% during the day.
Tech Mahindra: Aims to increase quarterly deal wins to USD 1 billion and expects better performance in H2 FY26.
Thyrocare Technologies: Shares surged 16% to a 52-week high following strong Q2 FY26 results, with an 82% YoY growth in profit after tax.
Market Breadth
The overall market sentiment was positive, as reflected in the market breadth:
| Category | Number of Scrips |
|---|---|
| Total Scrips Traded | 4,540 |
| Positive Scrips | 2,628 |
| Negative Scrips | 1,912 |
Conclusion
The Indian stock market demonstrated resilience, with both Nifty 50 and Sensex closing in the green. While sectors like Aviation and Cables led the gains, Energy and Commercial Services faced significant pressure. The positive market breadth indicates a broader market participation in the day's rally.
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