Sensex and Nifty Gain for Fifth Consecutive Session Amid Market Optimism

Stock Market Today: Sensex and Nifty Extend Gains; Top Gainers and Losers Revealed

Benchmark indices Sensex and Nifty extended their winning streak to a fifth consecutive session on Thursday, buoyed by easing crude oil prices and optimism surrounding a potential US-Iran peace deal. The BSE Sensex climbed 254.36 points, or 0.33%, to close at 77,409.98, while the NSE Nifty50 advanced 82.30 points, or 0.34%, to settle at 24,168.

Top Gainers and Losers

Nifty50 Gainers
The top performers on the Nifty50 included:
- Max Healthcare (6.27%)
- InterGlobe Aviation (2.74%)
- Trent (2.48%)
- Adani Enterprises (2.09%)
- BEL (2.09%)
- NTPC (1.81%)
- HDFC Life (1.64%)
- SBI (1.58%)
- HDFC Bank (1.52%)

Nifty50 Losers
On the losing side, the following stocks saw declines:
- Infosys (-2.61%)
- Tata Consumer (-1.17%)
- Maruti Suzuki (-1.08%)
- Tech Mahindra (-1.01%)
- TCS (-0.89%)
- Wipro (-0.89%)
- Coal India (-0.83%)
- Nestle India (-0.50%)
- Shriram Finance (-0.48%)
- HCL Tech (-0.43%)

BSE Sensex Gainers
Among Sensex constituents, the top gainers were:
- InterGlobe Aviation (2.74%)
- Trent (2.48%)
- BEL (2.09%)
- NTPC (1.81%)
- SBI (1.58%)
- HDFC Bank (1.52%)
- HUL (0.96%)
- Power Grid (0.83%)
- Tata Steel (0.76%)
- Adani Ports (0.74%)

BSE Sensex Losers
The laggards on the Sensex included:
- Infosys (-2.61%)
- Maruti Suzuki (-1.08%)
- Tech Mahindra (-1.01%)
- TCS (-0.89%)
- HCL Tech (-0.43%)
- L&T (-0.43%)
- Kotak Mahindra Bank (-0.39%)
- Reliance Industries (-0.35%)
- Bharti Airtel (-0.05%)

Market Sentiment and Sectoral Performance

Investor sentiment remained upbeat as Brent crude prices dropped 2.23% to USD 77.78 per barrel, raising hopes for stability in energy markets amid easing geopolitical tensions in West Asia.

Sectorally, utilities, hospitals, services, power, telecom, and healthcare stocks led the gains, while IT and energy shares faced selling pressure. Broader market indices also performed well, with the BSE SmallCap Select index rising 0.43% and the MidCap Select index gaining 0.33%.

Foreign institutional investors (FIIs) were net buyers, purchasing equities worth Rs 101.59 crore on Wednesday, according to exchange data.

Outlook

While optimism over the US-Iran peace deal and falling crude oil prices supported the market, concerns about potential rate hikes due to inflationary pressures remain. Analysts noted that easing geopolitical uncertainty and lower energy costs have helped sustain investor confidence despite the Federal Reserve's cautious stance.

The Nifty opened flat but saw late buying interest, lifting the index into positive territory by the session's end. This marked another day of gains in the ongoing rally.