Shares of Titan, Shriram Finance, Infosys, Eicher Motors, L&T led the gainers of Nifty 50 components, while only Trent shares slipped to trade in trade at the time of writing.
Equity benchmark indices continued to trade higher amid hopes of US tariff negotiations. Sensex rallied 1539.49 pts or 2.10 per cent to 74,677.39 as at 12.48 pm, trading above the day’s opening, and Nifty 50 climbed 473.85 pts or 2.14 per cent to 22,635.45.
Nifty smallcap 100 index rose 2.02 per cent to 15,372.05 and Nifty midcap 100 rose 1.89 per cent to 49,733.
India VIX was down 9.84 per cent to 20.55.
All 13 sectoral indices traded in the positive territory, with the consumer durable index surging 3 per cent intraday. Banking, auto and IT sectors showed significant gains. Metal stocks also showed resilience.
Top gainers & losers
Shriram Finance led the gainers with 4.94 per cent surge to ₹644.35, close to its intraday high of ₹648.30.
Tata Group stock Titan soared 4.43 per cent to ₹3,156.20.
IT major Infosys followed with 4.21 per cent increase to ₹1,455.50. The sector witnessed notable gains on Tuesday.
Auto major Eicher Motors surged 3.11 per cent to ₹5,222.85 and L&T shares gained 3.64 per cent to ₹3,180.10.
Meanwhile, Trent shares moderated between ₹4,900-4,965.
About 2,299 stocks advanced of all the 2,748 stocks that were traded on the National Stock Exchange. Only 388 declined. Shares of Godfrey Phillips, Garware Hi Tech Films, Senco and NACL were among the 99 stocks that traded at upper circuit.
Five-Star Business Finance, Kaynes, PGEL and Aadhar Housing Finance stocks rallied 5-8 per cent among smallcap. Among the midcap index, shares of Policy Bazaar, Biocon, BSE, Mphasis and HUDCO gained 4-6 per cent.
All Adani stocks traded in the positive territory, with Adani Energy surging over 3 per cent. Adani Ports also gained momentum after it announced the commencement of operations at the Colombo West International Terminal (CWIT), located at the Port of Colombo. The stock climbed 4 per cent to hit a high of ₹1,55.65 in early trade today from the previous close of ₹1,110.65.
On the BSE, Indo Count and Vijaya Diagnostic jumped 10 per cent, while Delhivery plunged 7 per cent. The latter soared on Monday’s trade despite market crash.