Markets ended Thursday on a strong note, with the Sensex rising 398 points to 85,764 and the Nifty climbing above 25,300. The gains were led by robust domestic earnings and buying in banking and auto sectors.
Major gainers included Bajaj Consumer Care, Hero Motocorp, Samvardhana Motherson, Ashok Leyland, and Exide Industries, reflecting renewed investor interest in cyclical and consumer stocks. PSU banks also contributed to the rally, supported by healthy quarterly results.
On the other hand, stocks like Tata Steel, JSW Steel, KEI Industries, and select IT names faced profit booking, which kept overall market breadth slightly positive but cautious.
Corporate earnings played a key role in sentiment. Bajaj Consumer Care posted an 83% jump in quarterly profit, while Jindal Stainless reported a 26% rise in earnings compared with the year‑ago period. KEI Industries saw strong revenue growth but traded lower, reflecting mixed investor reactions.
In broader markets, Biocon gained after acquiring the remaining stake in Biocon Biologics, while Bank of India shares rose on better asset quality and profit growth.
Sectorally, the auto, banking, and PSU indices were the top performers, each gaining around 1–2%, while metal and IT indices lagged due to profit booking and global cues.
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