Mumbai: Indian equity markets closed higher on Monday, February 9, holding on to gains made at the opening bell as buying interest remained strong across sectors. The BSE Sensex rose 485 points to end the day at 84,066, while the NSE Nifty added 174 points to close at 25,867, comfortably reclaiming the 25,800 mark.
Both benchmark indices moved steadily through the session, supported by gains in heavyweight stocks and positive sentiment in the broader market.
Broad-Based Buying Lifts Market Breadth
Market participation was strong and wide-ranging. Nearly 40 stocks from the Nifty 50 ended the session in positive territory. The advance-decline ratio on the NSE stood at a healthy 4:1, showing that advancing stocks clearly outnumbered losers.
Frontline indices posted gains of over 0.5 percent , while broader markets outperformed. The Nifty Midcap index surged more than 1.5 percent , rising 938 points to settle at 60,441, reflecting strong interest in mid-sized companies.
Banks, Consumer Stocks Lead The Rally
Banking stocks played a key role in lifting the benchmarks. The Nifty Bank index climbed 549 points to close at 60,669. State Bank of India emerged as the top gainer on the Nifty, jumping 7 percent after reporting strong Q3 results and raising its guidance.
Consumer-facing stocks also saw solid buying. Titan Company and Grasim Industries gained about 3 percent each ahead of their quarterly results. Shriram Finance continued its upward move, ending the day 6 percent higher.
Top Gainers And Laggards
From the Sensex pack, State Bank of India, Shriram Finance, Titan Company, Grasim Industries, Dr Reddy’s Laboratories, UltraTech Cement and Hindalco Industries were among the biggest gainers.
On the other hand, Max Healthcare Institute, Power Grid Corporation, ITC, ICICI Bank, Oil and Natural Gas Corporation and Nestle India closed lower, limiting sharper gains in the indices.
Midcaps Shine, Few Stocks Buck Trend
In the broader market, Kalyan Jewellers surged over 15 percent after posting strong Q3 numbers. Zydus Life gained 4 percent as its revenue rose 30 percent year-on-year. Textile stocks such as Gokaldas Exports rallied up to 7 percent following news of an India–US interim trade framework.
Vodafone Idea advanced 4 percent after promoter Kumar Mangalam Birla bought shares from the open market. Meanwhile, PFC and REC ended lower after their boards approved a merger, moving against the overall market trend.
