Domestic Equities Rebound Amid Sectoral Rotation and Trade Optimism
Indian markets staged a robust recovery with the Sensex gaining 436 points (0.53%) to 82,222.04 and Nifty50 advancing 130 points (0.52%) to 25,198.75, fueled by selective buying in automotive and financial stocks. The rally coincides with renewed Optimism around India-US trade negotiations and anticipation of the Federal Reserve's upcoming policy decision.
Sectoral performance showed clear divergence: media, auto and banking stocks led gains while healthcare and FMCG sectors lagged. Market breadth remained positive with 1,935 advancing stocks versus 938 decliners on the NSE. Smallcaps outperformed with 0.8% gains versus midcaps' 0.26% rise, signaling renewed risk appetite among domestic investors.
Kotak Mahindra Bank, L&T and Axis Bank emerged as index leaders, while Shriram Finance and Tata Consumer Products dragged. Notably, 79 securities hit 52-week highs including Amber Enterprises and Aadhar Housing Finance, demonstrating selective bullish momentum across market caps.