Stock Market Today: Nifty Near 25,200, Sensex Ends Over 300 Points Higher; Sun Pharma Among Top Gainers

Rupee appreciated by 18 paise against US dollar to close at 85.81, according to Bloomberg.

Indian benchmark indices concluded the trading session on a positive note, with the Sensex gaining over 300 points to end at 83,570. Nifty closed near the 25,200 mark at 25,195 effectively snapping a four-day losing streak. The Nifty also saw a strong recovery, driven primarily by the Auto and Pharma sectors.

The Nifty Auto index emerged as the top-gaining sector, with Hero MotoCorp and Bajaj Auto leading the charge among Nifty constituents. Both Nifty Auto and Nifty Pharma indices recorded gains of more than 1% during the session. All sectoral indices ended the day in positive territory, indicating broad-based buying interest.

Several sectoral indices showed significant shifts in trend. Nifty Financial Services ended its three-day losing streak, contributing to the market's positive sentiment. Furthermore, Nifty Bank, PSU Bank, Metal, Auto, Media, and Realty indices all registered gains for the second consecutive day. In a positive development for other key sectors, Nifty Oil and Gas and Nifty IT both snapped their respective four-day losing streaks. Nifty FMCG and Pharma continued their upward trajectory, extending their gains for the third consecutive day.

In the Nifty 50, the biggest gainer was Hero MotoCorp with over 4% gains in trade so far, the name has been the top gainer through the day. Sun Pharma also has marked significant gains of over 2%. Names like Bajaj Auto, Apollo Hospital and Bajaj Finserv also are trading in the green.

Names dragging the index are HCL Tech, marking losses of over 3% and Eternal which is over 1% down.

After posting first quarter results, the shares of the ICICI Prudential were trading over 2% higher compared to the 0.44% advance in the Nifty 50 as of 1:50 p.m.

The shares of Waaree Renewables surged over 15% during trade so far. The scrip had risen over 16% to Rs 1,139 apiece. The counter is currently trading 15.69% higher compared to 0.42% gains in the Nifty 50 as of 1:46 p.m.