Indian stock market ended higher for the fifth straight session on Thursday despite sharp intraday volatility, supported by a decline in crude oil prices following the US-Iran peace agreement. While cautious commentary from the US Federal Reserve kept investors on edge, lower oil prices and easing bond yields helped sustain positive market sentiment.
The Sensex closed 254 points higher at 77,410, while the Nifty gained 82 points to settle at 24,168.
Brent crude slipped about 2.1 percent to around $75.9 a barrel after Washington and Tehran signed an interim agreement aimed at ending their conflict.
According to market analysts, optimism surrounding the US-Iran agreement was partly offset by the Federal Reserve's hawkish stance on inflation and interest rates.
Key factors supporting the market included:
Falling crude oil prices
Moderation in Indian bond yields
Expectations of lower inflationary pressures later in FY27
Continued investor interest in banking and healthcare stocks
The total market capitalisation of companies listed on the BSE increased by ₹2.57 lakh-crore during the session.
Total market value rose to ₹477.69 lakh-crore
Equivalent to approximately $5.07 trillion
Among Nifty 50 stocks, healthcare, aviation and infrastructure counters led the rally.
Major gainers included:
Max Healthcare: +6.46 percent
InterGlobe Aviation (IndiGo): +2.78 percent
Adani Enterprises: Above 2 percent
Trent: Above 2 percent
Bharat Electronics (BEL): Above 2 percent
Lower fuel costs continued to benefit aviation stocks.
Technology shares came under pressure following the Fed's comments.
Major losers were:
Infosys: -2.6 percent
Tata Consumer: -1.2 percent
Tech Mahindra: Around -1 percent
Maruti Suzuki: Around -1 percent
TCS: Around -1 percent
The broader market outperformed the benchmark indices.
BSE Midcap index gained more than 0.4 percent
BSE Smallcap index gained more than 0.4 percent
The gains indicate continued participation beyond large-cap stocks.
Nifty Healthcare: +0.98 percent
Nifty Bank: +0.6 percent
Banking stocks benefited from expectations of healthy credit growth and attractive valuations.
Information Technology stocks were the weakest performers due to concerns over higher-for-longer US interest rates.
The most traded stocks by volume on the NSE were:
Vodafone Idea
IFCI
YES Bank
Bharat Coking Coal
Vedanta Oil & Gas
Vodafone Idea topped the list with more than 34 crore shares changing hands.
Market breadth remained positive.
Angel One
Balaji Amines
RateGain
Netweb Technologies
WeWork India
YES Bank
Bharti Hexacom
Vedanta Aluminium
Parsvnath Developers
The advance-decline ratio reflected positive sentiment.
Advancing stocks: 1,902
Declining stocks: 1,384
Technical analysts believe the market remains in an uptrend.
Nifty: 24,060 and 24,000
Sensex: 77,200 and 77,000
Nifty: 24,300–24,375
Sensex: 77,800–78,000
Analysts say the bullish momentum is likely to continue as long as benchmark indices remain above the key support zones. A fall below Nifty 24,000 could weaken the current uptrend and trigger profit-booking.