Sensex and Nifty Extend Record Rally as Defence, Financials, and Metals Lead Charge

India's benchmark indices just keep climbing—defying gravity and conventional wisdom alike.

Defence stocks surge on government contracts

Financial giants post strongest gains in quarter

Metals sector rides global supply chain shifts

Meanwhile, traditional analysts scramble to explain how 'overvalued' markets keep hitting new peaks—maybe they should check what actual investors are buying instead of their outdated textbooks.

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On the domestic front, investors also watch out for the outcome of the SEBI board meeting, likely to announce key policy reforms pertaining to IPO norms for large companies and foreign institutional investments, Vaibhav Vidwani, Research Analyst at Bonanza, highlighted.

Top gainers & losers today

Among the constituents of Nifty 50 index, BEL, Bajaj twin shares - Bajaj Finance and Bajaj Finserv, Hindalco and Eicher Motors emerged as top gainers. While, Eternal, Hindustan Unilever, IndusInd Bank, Bajaj Auto and Trent were the top losers.

Of the 3,145 stocks that were traded on the National Stock Exchange, 1,561 stocks advanced, 1,483 stocks declined and 101 stocks remained unchanged. Around 79 stocks (including Bajaj Finance) scaled to their 52-week high, whereas 33 stocks hit their 52-week low (Regis Industries). Additionally, 104 stocks, such as GRSE, Unimech and Knowledge Marine, hit the upper circuit and 56 stocks hit the lower circuit.

Midcap & smallcap performers

Midcap stocks such as Cochin Shipyard, Bharat Dynamics, Mazagon Dock, Supreme Industries and Vodafone Idea soared 4-6 per cent. Waaree Energies, Jubilant Foods, Sona BLW, OFSS and Premier Energies declined 2-3 per cent.

Under the smallcap segment, BEML rallied 8 per cent, Data Patterns, Nuvama and HFCL surged 4-6 per cent. Meanwhile, Afcons, Aegis Logistics, PCBL and Godfrey Phillips were the major losers.

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On the BSE, JBM Auto, Hindustan Copper, GMDC, GRSE and Mtar Tech zoomed the most, while Paradeep, Yatharth Hospital, Kesoram Industries, Netweb and Glaxo depreciated by 3-6 per cent.

Given the recent rally, Nilesh Jain, Head – Technical and Derivatives Research Analyst (Equity Research), Centrum Broking Ltd., stressed the possibility of some profit-taking at higher levels, and reasoned that the recommended strategy is to buy on dips.

Global markets

Asian markets except Shanghai’s SSE Composite index ended in positive territory.

Wall Street ended higher on Thursday.

On Thursday, Sensex settled with 123.58 pts or 0.15 per cent gains at 81,548.73, marking its fourth day of rally. Nifty 50 ended 32.40 pts or 0.13 per cent positive at 25,005.50, marking its seventh consecutive day of gains.

FIIs offloaded equities worth ₹3,472.37 crore on Thursday, while DIIs bought equities worth ₹4,045.54 crore, exchange data show.

Published on September 12, 2025