Indian equity markets showed resilience today as benchmark indices recovered from early losses, with the Nifty approaching the 25,000 mark and the Sensex gaining over 100 points in intraday trade. After a subdued start amid mixed global cues, buying in key sectors helped lift market sentiment.
The Nifty hovered just shy of the psychological 25,000 level, supported by gains in banking, FMCG, and retail stocks. The Sensex, too, pared losses to trade around 100 points higher, signaling strong undercurrents despite global uncertainty.
Top Performers
Among the key gainers, IndusInd Bank stood out with solid buying interest, driven by improved asset quality expectations and continued momentum in loan growth. Trent Ltd. also rallied sharply, fueled by optimism in the retail segment and investor confidence following robust quarterly performance.
Other notable gainers included stocks in the auto and infra sectors, which saw renewed traction on hopes of policy continuity and increased capex spending.
Outlook
While global headwinds and volatility may persist, analysts remain optimistic about India’s domestic growth story, expecting continued strength in large-cap names and select midcaps. With the Nifty edging close to 25,000, investor focus now shifts to upcoming macroeconomic data and corporate earnings guidance.
