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Indian equities closed with modest gains after a sharply whipsaw session marked by multiple intraday reversals. The Sensex ended 152 points higher at 84,631, while the Nifty finished at 25,915, up 36 points, supported by a strong late-afternoon recovery across banks, conglomerates and select heavyweights.
Sectoral snapshot: mixed close with PSU banks, pharma and FMCG leading
Sectoral performance at the close reflected the day’s uneven undertone:
- PSU banks outperformed decisively, rising 1.17 percent, extending their strong YTD gains.
- Pharma and FMCG also ended firm, up 0.59 percent and 0.57 percent, respectively.
- Energy and Infrastructure closed marginally higher.
On the downside:
- IT fell 1.03 percent, dragging the entire session and contributing significantly to headline index volatility.
- Autos declined 0.52 percent, while metals slipped 0.89 percent.
- Realty ended slightly negative.
The mixed sectoral picture reflected a rotation-heavy day where defensives, PSUs and select consumption names outperformed even as cyclicals and tech stocks weighed on the market.
Bank Nifty finishes higher; Next 50 slightly in the red
The Bank Nifty closed 0.23 percent higher at 58,518, extending the recovery seen in the last hour of trade as private lenders and select PSU banks firmed up. In contrast, the Nifty Next 50 ended marginally lower, down 0.09 percent, as broader institutional-heavy names underperformed despite the late-market rebound.
Broader indices end firm; smallcaps, CPSE names outperform
Into the close, the broader market strengthened alongside the benchmarks. The Nifty Smallcap 100 rose 0.38 percent, while the Midcap 100 gained 0.08 percent. The Midcap 150 and Midsmall 400 also closed in the green. The CPSE index outperformed with a strong 0.89 percent gain, reflecting continued traction in PSU counters.
Markets finish firm; Sensex, Nifty in green after strong 3 pm turnaround
After spending most of the day in the red and repeatedly slipping back from brief recoveries, the indices rallied sharply in the last hour. The Sensex swung nearly 500 points from its lows, while the Nifty reclaimed the 25,900 mark, signalling decisive short covering and renewed buying interest into the close.
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