Stock Market Today: Nifty, Sensex End First Day Of FY25 Higher As HDFC Bank, L&T, Tata Steel Rise

India's benchmark indices extended gains to third day to start the FY25 on a positive note as shares of HDFC Bank Ltd., Larsen & Toubro Ltd., and Tata Steel Ltd. rise.

Further, bank stocks rose as sentiment improved after the Reserve Bank of India updated list of banks authorised to import silver and gold during the current fiscal. This added to the gains in the index.

The NSE Nifty was trading 135.10 points or 0.61% higher at 22,462.00, and the S&P BSE Sensex was trading 363.20 points or 0.49% up at 74,014.55.

Intraday, the NSE Nifty 50 rose 0.91% to life time high of 22,529.95, and the S&P BSE Sensex rose 0.82% to record high of 74,254.62.

The markets have received some support and rebounded. Caution is advised regarding the broader breadth of the market as there is an anticipation of a slight weakening, said Mahesh Patil, CIO, Aditya Birla Sun Life AMC. "This is a sideways correction and not a deep correction."

HDFC Bank Ltd., Larsen & Toubro Ltd., Tata Steel Ltd., Tata Consultancy Services Ltd., and JSW Steel Ltd. added to the upward movement in the index.

Eicher Motors Ltd., Infosys Ltd., Nestle India Ltd., Bharti Airtel Ltd., and Titan Co. Ltd. limited gains in the index.

On NSE, 10 sectors ended higher out of 12, with the NSE Nifty Media rising over 4% to become the top performing sector.

The NSE Auto index fell the most among sectoral indices dragged by losses in Eicher Motors Ltd., Bajaj Auto Ltd.

Broader markets outperformed benchmark indices. The S&P BSE Midcap index settled 1.64% higher and the S&P BSE Smallcap 2.98% higher.

On BSE, 18 out of 20 sectors advanced and two declined. S&P Consumer Durables and S&P BSE Auto were the only sectoral indices that fell.

Market breadth was skewed in the favour of buyers. Around 3,230 stocks rose, 674 stocks declined, and 154 remained unchanged on BSE.

• Tata Power's Saurya commissions 200 Megawatt solar project in Bikaner, Rajasthan

• Rajasthan project expected to generate 485 million units of energy annually.

Source: Exchange Filing

• Thyrocare Technologies Ltd received rectification order from I-T dept raising demand of Rs 51 crore for FY17.

• The company will file an appeal against order.

Source: Exchange Filing

• March exports at 9,507 units, down 23% YoY

• March motorcycle sales at 75,551 units, up 4.6% YoY

Source: Exchange Filing

• Genesys International received an order worth Rs 35 crore for Pune city digital twin.

Source: Exchange Filing