Benchmark indices end higher, Sensex ended up 0.5 per cent, gaining 410 points to close at 81,596 while Nifty was up 0.5 per cent or 129.55 points at 24,813.45.
Among sectoral gainers, Nifty Realty was the top gainer, up 1.7 per cent, while Nifty Pharma and Nifty PSU Bank were up 1.3 per cent and 0.7 percent, respectively. Other gainers were Nifty IT and Nifty Metal, both of which were up 0.7 percent and 0.4 per cent, respectively. Nifty Consumer Durables was the main loser, down 0.5 per cent.
Bajaj twins, Tata Steel lead rally; IndusInd, Kotak among top drags
Among Sensex constituents, top performers included Bajaj Finserv, Tata Steel, Tech Mahindra, Sun Pharma, and Bajaj Finance, gaining up to 2.02 per cent. On the flip side, IndusInd Bank, Kotak Mahindra Bank, Power Grid Corporation, ITC, and Ultratech Cement dragged the index, slipping as much as 1.87 per cent.
The Nifty Midcap100 rose 0.78 per cent, while the Nifty Smallcap100 added 0.38 per cent, signaling strength in broader participation.
On the sectoral front, all major indices closed in the green except for consumer durables, which saw pressure. The Nifty Realty index surged 1.72 per cent, followed by a 1.25 per cent rise in the Pharma index, indicating investor preference for defensives and real assets.
India VIX rises
Options data suggested stiff resistance at 25,000 call strike, where significant open interest buildup was seen. On the put side, the 24,700 and 24,000 levels held strong OI, suggesting traders are cautious ahead of global event triggers.
The India VIX, which gauges market fear, inched up by 0.93 per cent to 17.55, indicating rising unease despite headline index gains.“Markets exhibited a broadly positive undertone today; however, overall sentiment remained confined within a narrow range, indicating risk of a ‘sell on rallies’ strategy amid escalating uncertainty around India-US trade negotiations,” said Vinod Nair of Geojit Financial Services.
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