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What is the story about?
The equity benchmark indices BSE Sensex and NSE Nifty closed higher on Monday (February 9), holding on to opening gains as buying was seen across sectors and broader markets outperformed. The Nifty reclaimed levels above 25,800, while the Sensex rose 485 points to end at 84,066. The Nifty added 174 points to close at 25,867.
Market participation was broad-based, with nearly 40 Nifty stocks ending the session in the green. SBI and Reliance Industries emerged as the top contributors to the benchmark gains. Market breadth remained firmly in favour of advances, with the NSE advance-decline ratio at 4:1.
Frontline indices ended with gains of more than 0.5%, while the midcap index rose over 1.5%. The Midcap index gained 938 points to settle at 60,441. The Nifty Bank index added 549 points to close at 60,669.
Also Read: REC and PFC shares jump, but who gains more from the merger?
All sectoral indices closed higher, led by consumer durables and PSU banks. SBI was the top Nifty gainer, surging 7% after reporting strong Q3 results and announcing a guidance raise. Titan and Grasim ended the day with gains of 3% each, ahead of their results.
Shriram Finance continued to see buying interest and closed the session 6% higher.
Tata Steel rose nearly 3% after its Q3 results beat estimates, aided by a positive brokerage note.
In the broader market, Kalyan Jewellers emerged as the top midcap gainer, jumping over 15% following strong Q3 results. Zydus Life gained 4% after its Q3 numbers beat estimates, with revenue rising 30% year-on-year.
Also Read: SBI posts biggest single-day jump since June 2024 after Q3 beat; shares up 6%
Textile stocks such as Gokaldas Exports rallied up to 7% after the announcement of an India–US interim trade framework. Vodafone Idea advanced 4% after promoter Kumar Mangalam Birla bought shares via the open market.
On the downside, PFC and REC both closed in the red after their boards approved a merger, bucking the broader market trend.
Market participation was broad-based, with nearly 40 Nifty stocks ending the session in the green. SBI and Reliance Industries emerged as the top contributors to the benchmark gains. Market breadth remained firmly in favour of advances, with the NSE advance-decline ratio at 4:1.
Frontline indices ended with gains of more than 0.5%, while the midcap index rose over 1.5%. The Midcap index gained 938 points to settle at 60,441. The Nifty Bank index added 549 points to close at 60,669.
Also Read: REC and PFC shares jump, but who gains more from the merger?
All sectoral indices closed higher, led by consumer durables and PSU banks. SBI was the top Nifty gainer, surging 7% after reporting strong Q3 results and announcing a guidance raise. Titan and Grasim ended the day with gains of 3% each, ahead of their results.
Shriram Finance continued to see buying interest and closed the session 6% higher.
In the broader market, Kalyan Jewellers emerged as the top midcap gainer, jumping over 15% following strong Q3 results. Zydus Life gained 4% after its Q3 numbers beat estimates, with revenue rising 30% year-on-year.
Also Read: SBI posts biggest single-day jump since June 2024 after Q3 beat; shares up 6%
Textile stocks such as Gokaldas Exports rallied up to 7% after the announcement of an India–US interim trade framework. Vodafone Idea advanced 4% after promoter Kumar Mangalam Birla bought shares via the open market.
On the downside, PFC and REC both closed in the red after their boards approved a merger, bucking the broader market trend.
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