Broader indices underperformed the benchmark. The Nifty Midcap 150 rose nearly 0.4%, while the Nifty Smallcap 250 gained almost 0.6%. The Nifty Realty led sectoral gains with a rise of nearly 1.5%, while the Nifty PSU Bank ended lower for a sixth consecutive session.
Global cues, support around 24,000 and strength in private-sector banks helped the Nifty recover after seven straight sessions of losses.
The broader market rally was fairly widespread. Of the 100 constituents in the Nifty SmallCap 100 index, 82 stocks were advancing while 18 were declining at the time of publication.
Financially, HDFC Bank Ltd.'s net profit rose 5% year-on-year (YoY) to Rs 19,059 crore in Q1 FY27, broadly in line with estimates of Rs 19,720 crore, according to an exchange filing.
Jefferies remains constructive on the sector overall, but prefers two-wheelers, with 'Buy' ratings on TVS Motor and Eicher Motors and 'Underperform' ratings on Tata Motors Passenger Vehicles (TMPV) and Hyundai Motor India.
In their latest India strategy note, JM Financial analysts Venkatesh Balasubramaniam and Shanay Mehta said the Q1 earnings season was stronger than anticipated, particularly among large caps.
Market experts shared their insights on fundamentals and technical levels for key stocks such as Mazagon Dock, HAL, Biocon, Suzlon and Tata Motors PV.
Nifty Realty fell 1.16%, while Nifty IT declined 1.04%. Nifty Auto rose 0.48% and Nifty India Defence gained 0.46%, leading sectoral advances.
FMCG companies reported strong sales growth, supported by rural demand and continued premiumisation in urban markets. However, elevated palm oil and other input costs weighed on profitability.
Nuvama Institutional Equities revised ratings on nearly 30 stocks after the June quarter results, even as its broader earnings review flagged India Inc's best profit growth in three years and cautioned that the tailwinds behind it may not survive H2FY27.
