Sensex Rises 274 Points; Nifty Closes Above 24,300

Mahindra & Mahindra, Coal India and Eicher Motors ranked among the top gainers on the Nifty, helping the benchmark remain in positive territory despite mixed breadth across the market.

Broader indices underperformed the frontline benchmarks. The Nifty MidCap index closed 0.35 per cent lower, while the Nifty SmallCap index declined 0.56 per cent. Among sectoral gauges, the Nifty Realty index was the weakest performer, falling 2 per cent. The Nifty Chemical index also ended lower and lagged the broader market.

In contrast, the Nifty Auto, Nifty Oil & Gas and Nifty Consumer Durables indices outperformed, providing the primary support that limited the impact of weakness elsewhere and allowed the headline indices to finish higher.

Market participants remained cautious throughout the day, tracking geopolitical developments in West Asia. The resulting sentiment produced a largely range-bound trading pattern, with only modest advances recorded by the Sensex and Nifty.

The session’s outcome reflected selective buying in a handful of heavyweight stocks, particularly within the automobile sector, against a backdrop of restrained overall participation and continued focus on external risk factors.