On Thursday, the BSE Sensex surged more than 700 points, while the Nifty50 moved above the 25,850 mark, reflecting improved investor sentiment in early trade.
IT stocks led the gains after upbeat quarterly earnings and guidance from Infosys, which sparked a rally across the sector. Shares of Wipro also traded higher, while buying interest was seen in metal and PSU stocks, with Hindalco and NTPC among the notable gainers. Banking and financial stocks provided additional support to the broader market.
In contrast, healthcare stocks underperformed. Cipla and Apollo Hospitals Enterprise were among the top losers, facing selling pressure amid stock-specific concerns. Some defensive stocks also lagged the broader market trend.
Overall market breadth remained positive, with advances outnumbering declines on the BSE. Analysts said the rally was driven by earnings optimism, steady foreign fund inflows, and expectations of policy continuity, though they cautioned that volatility could persist as investors track global developments and upcoming corporate results.