Sensex and Nifty Rise Nearly 1% for Second Straight Day Led by Metal and Auto Stocks

India’s stock markets extended gains for the second consecutive session, with benchmark indices BSE Sensex and Nifty 50 rising nearly 1 percent, supported by strong buying in metal and automobile stocks.

During the day’s trading, the Sensex surged by 801.41 points to touch 76,304.26. At closing, it settled 567.99 points higher at 76,070.84. The Nifty 50 also ended on a strong note, gaining 172.35 points to close at 23,581.15.

Among Sensex stocks, Eternal emerged as the top gainer with a 5.70 percent rise. Other major gainers included Tata Steel, Mahindra & Mahindra, Bharat Electronics, Larsen & Toubro, Bharti Airtel, and Maruti Suzuki.

On the downside, stocks like Infosys, Bajaj Finance, ITC, Tata Consultancy Services, and HCLTech ended lower.

In the broader market, the Nifty Midcap 100 index rose by around 1 percent, while the Smallcap 100 index gained approximately 0.65 percent.

Sector-wise, the FMCG index declined by 0.7 percent and the IT sector index fell by 1 percent. However, most other sectors ended in positive territory, including capital goods, telecom, auto, infrastructure, media, metals, real estate, and private banking stocks, which gained between 1 to 2 percent.

In Asian markets, South Korea’s Kospi rose by 1.63 percent, while Hong Kong’s Hang Seng Index ended slightly higher. Japan’s Nikkei 225 and China’s SSE Composite Index closed lower.

European markets traded in the green, and US markets also ended higher in the previous session.

According to data, foreign institutional investors (FIIs) sold equities worth ₹9,365.52 crore, while domestic institutional investors (DIIs) bought shares worth ₹12,593.36 crore.

Meanwhile, more than 340 stocks, including companies like Wipro, Infosys, Cipla, Oracle Financial Services Software, and Tata Technologies, hit their 52-week lows during the session.

Global crude oil prices also rose, with Brent Crude increasing by 2.44 percent to $102.7 per barrel.