Nifty 50 Jumps Nearly 3% as Heavyweights Rally
Indian equity markets staged a strong rebound, with the Nifty 50 surging 714 points (2.85%) to close near 25,803 around 1 PM , driven by broad-based buying across heavyweight stocks and renewed optimism around India–US trade relations.
The benchmark index opened on a firm note and extended gains through the session, supported by strength in banking, IT, telecom, and financial services stocks. Market breadth remained positive, indicating improving risk appetite after recent volatility.
Heavyweights Lead the Charge
Index heavyweights played a decisive role in lifting the benchmark:
Reliance Industries gained nearly 4%, emerging as one of the top contributors amid renewed interest in energy and retail-linked plays.
HDFC Bank and ICICI Bank advanced over 2–3%, reflecting continued confidence in the banking sector’s earnings outlook and asset quality.
SBI rose close to 3%, supported by steady credit growth expectations.
IT majors TCS and Infosys posted gains of around 2%, tracking positive global cues and a stable outlook for technology spending.
Bharti Airtel moved higher as telecom stocks benefited from expectations of sustained ARPU growth.
Bajaj Finance outperformed with a sharp rise, signaling renewed interest in NBFCs after recent consolidation.
The rally across these high-weight stocks underscores institutional participation and conviction-led buying rather than a narrow technical bounce.
0 Comments