The BSE Sensex surged 609.86 points, or 0.83%, to settle at 74,340.09, after hitting an intraday high of 74,390.80.
Similarly, the NSE Nifty50 climbed 207.40 points, or 0.93%, to close at 22,544.70, with the index fluctuating between 22,556.45 and 22,245.85 during the day.
The rally was largely driven by strong performances in oil & gas, metal, pharma, and FMCG stocks, with 38 out of 50 Nifty stocks closing in the green.
Impact on the stock market
The market rally was broad-based, with almost all sectoral indices ending higher, except for real estate stocks.
Sectorial gainers:
- Nifty Oil & Gas: Up 2.60% – The biggest gainer of the session, thanks to falling crude oil prices, which boosted BPCL, HPCL, and IOC by 5% each.
- Nifty Metal: Up 2.34% – Metal stocks extended their rally for the second straight day, supported by China’s stimulus package and a weaker US dollar.
- Nifty Pharma & Healthcare: Up 1.47% – Pharma and healthcare stocks gained traction, contributing to the bullish sentiment.
- Nifty FMCG: Up 1.35% – Strong consumer demand led to positive movement in FMCG stocks.
Sectorial losers:
- Nifty Realty: Down 0.17% – The only index that ended in the red, dragged down by profit-booking in select real estate stocks.
You may also like: DLF stock analysis & expert insights in detail
| Sector/Index | Performance |
| IT & BPM sector | 0.19% |
| Healthcare sector | 1.24% |
| Oil & Gas sector | 2.59% |
| Real estate sector | 2.34% |
| PSU Bank in India | 0.66% |
Top gainers today
| Company | Price | Change % |
| Asian Paints Share Price | 2,267.70 | 4.78 |
| Coal India Share Price | 382.60 | 3.90 |
| Hindalco Share Price | 681.95 | 3.74 |
| BPCL Share Price | 265.04 | 3.60 |
| NTPC Share Price | 337.90 | 3.59 |
Top losers today
| Company | Price | Change % |
| Tech Mahindra Share Price | 1,503.45 | -2.25 |
| Trent Share Price | 5,069.50 | -0.72 |
| Bharat Elec Share Price | 272.95 | -0.72 |
| Kotak Mahindra Share Price | 1,921.70 | -0.59 |
| HDFC Life Share Price | 618.25 | -0.47 |
Market aftermath: Impact on stocks
Hexaware Technologies rises 3% on MLC partnership
Shares of Hexaware Technologies gained 3% to ₹828 after the IT services company announced its partnership with San Francisco Unicorns, a Major League Cricket (MLC) team.
This move is significant for Hexaware, as it aligns with the company’s focus on community engagement and digital solutions in sports. The branding will feature on the team’s helmets and caps, along with perimeter signage at matches.
Adding to investor confidence, Hexaware’s upcoming IPO is set to be the largest in India’s IT sector since TCS’ ₹4,700-crore IPO two decades ago, making it one of the most anticipated listings in recent years.
Also read: Hexaware Technologies IPO GMP & Market Trends
Metal stocks surge up to 7% on China’s stimulus push
Metal stocks continued their four-day winning streak, with the Nifty Metal index jumping nearly 3% to 8,918 points. The rally was driven by China’s stimulus efforts and a weaker US dollar, which made commodities more attractive for global investors.
- Jindal Stainless Ltd (JSL) led the pack, soaring 7% to ₹654. The stock has rebounded 15% from its February 52-week low but remains 23% below its July high of ₹848.
- Ratnamani Metals & Tubes gained 4% to ₹2,658.
- Welspun Corp and Hindalco were up 4% each, closing at ₹790 and ₹684, respectively.
- Tata Steel jumped nearly 4% to ₹151.86, contributing the most to Nifty Metal’s rally. The stock is currently well above its 52-week low of ₹122.62.
Sapphire Foods jumps 9% as analysts turn bullish
Sapphire Foods, the franchisee of Yum! Brands (KFC, Pizza Hut) in India, saw its shares surge 9% to ₹334, with over 52 lakh shares changing hands, significantly higher than its one-month daily average of 6 lakh shares.
The rally was driven by strong Q3FY25 earnings, which showed:
- Net profit up 18% YoY to ₹12 crore
- Revenue up 14% to ₹756.5 crore
- EBITDA up 10% YoY to ₹134.2 crore, though margins declined slightly to 17.7% from 18.3% due to rising costs.
Brokerage firms are overwhelmingly bullish, with 19 out of 24 analysts rating it a ‘Buy’, and Motilal Oswal setting a target price of ₹415, signaling further upside potential.
You may also read: Sapphire Foods Shares Surge 7% on 1:5 Stock Split News
Crude oil rebounds from three-year low
Crude oil futures staged a modest recovery after hitting a three-year low, thanks to new tariff exemptions announced by US President Donald Trump.
- May Brent crude was at $69.68, up 0.55%
- April WTI crude rose 0.60% to $66.71
- March crude oil futures on MCX increased 1.06% to ₹5,817
Despite this rebound, sentiment remains bearish due to rising OPEC supply and uncertainties over global trade tariffs. The US Energy Information Administration (EIA) also reported a 3.6 million-barrel increase in crude oil inventories, further pressuring prices.
Interestingly, oil producers in the US need crude to stay above $64 per barrel to remain profitable, making further price declines a threat to the industry.
Conclusion
The Indian stock market had a strong session, with Sensex and Nifty closing at record levels, driven by metal, oil & gas, pharma, and FMCG stocks. The positive sentiment was supported by a weaker dollar, China’s economic support measures, and falling crude oil prices.
However, market watchers remain cautious due to global uncertainties, including fluctuating oil prices, US trade policies, and inflation risks.
With strong stock-specific action and sectoral momentum, investors will closely watch for further cues from global markets, commodity prices, and central bank policies. For now, the bulls are in charge, but the ride ahead could still have its twists and turns.
For more stock market insights, check out the StockGro blog.
