Sensex today | Stock Market Highlights: Sensex ends 238 points higher; Nifty closes above 23,950

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Sensex Today, Nifty 50 | Stock Market Highlights: The Sensex closed 238.22 points, or 0.31 per cent, higher at 76,741.82, while the Nifty gained 80.75 points, or 0.34 per cent, to settle at 23,962.80, recovering from Wednesday’s sharp slide.

The Nifty Next 50 advanced 0.83 per cent to 71,485.85, while the Nifty Bank rose 0.90 per cent to 57,252.45. The Nifty IT index, however, slipped 0.30 per cent to 27,471.25. The Nifty Smallcap index emerged as the top performer, surging 1.80 per cent to 19,120.85, while the Nifty Midcap index rebounded 1.38 per cent to end at 62,166.85.

After market hours, Tata Consultancy Services (TCS) reported a 4.6 per cent rise in Q1 net profit to ₹13,349 crore and a 14 per cent increase in revenue to ₹72,275 crore. AI revenue crossed $2.6 billion, the order book stood at $9.5 billion, and the company declared an interim dividend of ₹12 per share.

Of the 4,416 stocks traded on the BSE, 2,907 advanced, 1,331 declined and 178 remained unchanged. As many as 111 stocks touched their 52-week highs, while 79 hit 52-week lows. A total of 185 stocks hit the upper circuit, while 172 locked in the lower circuit.

* Markets rebound: Sensex rose 278.54 points (0.36%) to 76,782.14, while Nifty gained 90.60 points (0.38%) to 23,972.65, recovering from Wednesday’s sharp sell-off.

* Broader markets outperform: Nifty Smallcap 100 surged 1.8% and Nifty Midcap 100 climbed 1.4%, outperforming the benchmark indices.

* Realty leads sectoral gains: Nifty Realty jumped 3.5%, emerging as the top-performing sector. All NSE sectoral indices ended higher except Auto and IT.

* Late profit booking trims gains: Strong intraday advances were pared in the final hour as investors booked profits after the sharp recovery.

* IMF outlook boosts sentiment: Investor confidence improved after the IMF reaffirmed India as one of the world’s fastest-growing major economies and upgraded its FY28 GDP growth forecast to 6.7%.

* Technical structure remains positive: Nifty and Sensex closed above key support levels, with analysts recommending a buy-on-dips strategy while support levels hold.

* Global cues mixed: Japan’s Nikkei gained nearly 2%, Singapore’s Straits Times advanced over 1%, while Hong Kong and Taiwan markets ended weaker.

* Commodities: Brent crude edged up to around $78.10 a barrel, while gold gained 0.85%, reflecting continued geopolitical caution.

* Rupee strengthens: The rupee appreciated by 7 paise to settle at 95.41 (provisional) against the US dollar, supported by RBI intervention and foreign fund flow expectations despite firmer crude oil prices and a stronger greenback.

Rupee rises 7 paise to 95.41 against the US dollar, supported by stock market recovery and dollar selling by state lenders.

TCS reported a 14% rise in Q1 revenue to ₹72,275 crore, beating estimates as higher technology spending by banking clients supported growth.

Dilip Parmar – Senior Research Analyst, HDFC Securities. 

The Indian rupee outshone its Asian peers, lifted by RBI intervention, softer crude, and a weaker dollar index. A risk-on mood and expectations of foreign fund flows in AMC IPO also lent support to the local rupee. Spot USD/INR looks set to stay boxed in between 95.80 and 94.95 in the near term.

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