Indian Stock Market Continues Winning Streak Ahead of Union Budget
The Indian stock market continued its upward momentum on Thursday for the third consecutive session, with both the Sensex and the Nifty closing in positive territory as all eyes turn to the Union Budget 2025-26.
Mumbai: The Indian stock market continued its upward momentum on Thursday for the third consecutive session, with both the Sensex and the Nifty closing in positive territory as all eyes turn to the Union Budget 2025-26.
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Sensex and Nifty Performance
At the closing bell, the BSE Sensex gained 226.85 points, or 0.3%, to end the day at 76,759.81. During the session, the index touched a high of 76,898.63 and a low of 76,401.13.
The Nifty climbed 86.40 points, or 0.37%, to settle at 23,249.50, with the index moving between 23,311.15 and 23,139.20 throughout the trading day.
Top Performers on Nifty
On Nifty, 35 stocks closed in the green. The top performers included Bharat Electronics, Power Grid Corporation, Cipla, Hero MotoCorp, and Bharti Airtel, with gains up to 4.87%.
Stocks That Closed Lower
On the flip side, Tata Motors, ITC Hotels, Shriram Finance, and Bajaj Finserv were among the 17 stocks that ended lower.
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Sectoral Performance
The Nifty Smallcap 100 index saw a slight gain of 0.12%, while the Nifty Midcap 100 ended almost flat, dipping by 0.01%.
Sectoral performance was mixed. Nifty indices for FMCG, Healthcare, Financial Services, Pharma, and OMCs closed with gains of up to 1.55%. However, the Nifty IT index fell by 1.14% to 42,426.65, dragged down by Coforge and Mphasis.
Market Volatility and Foreign Investment
The India VIX, which measures market volatility, surged 6.70% to 17.39 points, indicating a rise in market fluctuations.
In terms of institutional activity, foreign institutional investors (FIIs) remained net sellers for the 19th consecutive session, selling equities worth Rs 2,586 crore. In contrast, domestic institutional investors bought equities worth Rs 1,792.71 crore on the same day.
Outlook
Experts suggest that the final hour of trade saw a strong recovery, helping Nifty close higher at 23,249.50. The market’s positive momentum is expected to continue as investors await the upcoming Union Budget.
