Stock market today: Sensex gains over 200 points, Nifty 50 ends above 23,950; investors earn ₹5 lakh crore in a day

Stock market today: A day after crashing more than 2% each, equity benchmarks, the Sensex and the Nifty 50, resumed their upward march on value buying as investors' focus shifts to Q1 earnings and domestic macro trends.

However, fresh hostilities between the US and Iran and an uptick in crude oil prices capped gains for the benchmarks.

The Sensex ended 238 points, or 0.31%, higher at 76,741.82, while the Nifty 50 ended at 23,962.80, up 81 points, or 0.34%.

The mid and small-cap segments witnessed strong buying, as the Nifty Midcap 100 and Smallcap 100 indices jumped 1.38% and 1.80%, respectively.

Investors earned more than ₹5 lakh crore in a single session as the overall market capitalisation of BSE-listed firms rose to ₹476.4 lakh crore from ₹471.2 lakh crore in the previous session.

Stock-specific moves lifted the benchmarks even as the Middle East conflict remains a key risk. Stocks such as Bharti Airtel, HDFC Bank, and Sun Pharma contributed the most to the rise in the Sensex, while Infosys, Axis Bank, and Maruti were among the top drags.

The focus is now on Q1 earnings and global cues. IT major TCS is to release its June quarter numbers later today.

"Indian equity markets staged a moderate rebound, aided by supportive global cues, though investors remained watchful of the geopolitical developments that had triggered the last trading day's sell-off," Vinod Nair, Head of Research, Geojit Investments, noted.

"Domestically, sentiment remains relatively resilient, underpinned by an improved outlook for the second half of the year, a recovery in rainfall conditions, and better valuation levels. That said, the latest US Fed minutes flagged renewed inflation concerns, which could weigh on the performance of the global market," said Nair.

As many as 33 stocks advanced in the Nifty 50 index, while the remaining 17 declined.

Sun Pharma, Bharti Airtel, Bajaj Finserv, InterGlobe Aviation (IndiGo), and Eternal ended as the top gainers in the index, rising 2-3%.

On the flip side, Dr Reddy's Labs, Maruti, ONGC, and Infosys ended as the top laggards in the index.

Nifty Realty (up 3.54%), Media (up 2.09%), Consumer Durables (up 1.68%), PSU Bank (up 1.62%), and Healthcare (up 1%) clocked solid gains. Bank Nifty jumped 0.90%.

Disclaimer: This article is for educational purposes only and does not constitute investment advice. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

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