Indian Equity Benchmarks Rise Over 1% on Q2 Earnings and Easing Crude Prices

Indian equity markets rose over 1 per cent on Thursday, driven by positive June-September quarter results, easing crude oil prices, hopes of US-Iran talks, and buying by foreign investors, according to market participants.

Index Movements and Top Movers

• Nifty 50: Gained 1.05 per cent to close at 22,936.75.
• Sensex: Rose 1.24 per cent to close at 74,151.04.
• Market Breadth: Out of the Nifty 50 stocks, 39 advanced while 11 declined.
• Top Contributors: Shares of Kotak Mahindra Bank and Adani Enterprises contributed the most to the gains.
• Notable Gainers: Adani Ports rose 6.29 per cent to ₹1,872, Adani Enterprises gained 5.17 per cent to ₹2,607.90, and Eternal advanced 3.63 per cent to ₹337.85.

Sectoral Performance

• Nifty Realty: Emerged as the top sectoral gainer, rising 2.75 per cent to 819.80.
• Nifty FMCG: Followed with a gain of 2.34 per cent.
• Nifty PSU Bank: Rose 2.20 per cent.
• Laggards: Nifty Auto fell 0.24 per cent and Nifty Cement declined 0.08 per cent, ending as the only sectors in the red.

Institutional Activity and Analyst Views

Foreign portfolio investors (FPIs) sold equities worth ₹943.6 crore on Thursday, ending a two-day buying streak. Meanwhile, domestic institutional investors (DIIs) bought shares worth ₹1,924.41 crore.

Analysts noted that the rebound was supported by value buying and diplomatic hopes. Apurva Sheth of Samco Securities described it as a very good rebound, while Siddhartha Khemka of Motilal Oswal highlighted expectations of continued recovery supported by West Asian diplomatic efforts and domestic growth expectations. Vinod Nair of Geojit Investments pointed to institutional value buying in private banks and optimism around FII participation.

Investors can verify official exchange data and corporate announcements directly through the websites of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).