Nifty50 rises for 5th day in a row, reclaims 25,000; index’s longest winning run in 10 weeks

Domestic equity benchmarks rose on Wednesday amid gains in pockets like IT, FMCG and metal shares, though losses in financial stocks limited the upside. Both headline indices closed higher for the fifth session in a row — their longest winning run since June 10. Globally, investors remained cautious amid fading hopes of a ceasefire in the Russia-Ukraine war, after US President Donald Trump conceded that his Russian counterpart may not agree to a deal.

Both main indices rose 0.3 per cent for the day. The Sensex gained 213.5 points to end at 81,857.8 while the Nifty50 added 69.9 points to settle at 25,050.6. 

The Nifty Bank — whose 12 constituents include SBI and HDFC Bank — gave up 287.8 points, or 0.3 per cent, to settle at 55,702.1. 

Top Nifty 50 gainers and losers

Infosys, TCS, Nestle India, HUL, NTPC, Tech Mahindra and Tata Consumer Products — closing between 1.8 per cent and 3.8 per cent higher — rose the most among the 28 gainers in the Nifty50 basket. 

On the other hand, BEL, Shriram Finance, Bajaj Finance, Tata Motors and IndusInd Bank — closing between 1.0 per cent and 2.2 per cent lower — were the top losers in the 50-blue-chip pack.

Top Sensex movers

Among index heavyweights, Infosys, TCS, HUL, Bharti Airtel and Eternal were the biggest contributors to the gains in both main gauges.

On the flipside, RIL, ICICI Bank and Bajaj Finance imparted the maximum pressure.

Midcap and smallcap stocks

Amid broader indices, the Nifty Midcap 100 rose 0.5 per cent for the day while the Nifty Smallcap 100 settled with a gain of 0.3 per cent. 

Overall market breadth remained in favour of the bulls throughout the day’s trade, with seven stocks closing higher for every five succumbing to losses on BSE. 

Gaming stocks in the spotlight

Gaming stocks remained in focus during the session as the government tabled the Online Gaming Bill in the Lok Sabha. 

Nazara Tech plunged  12.8 per cent while Delta Corp gained 0.6 per cent for the day. 

Global markets 

European markets began the day on a muted note, with the pan-continental Stoxx 600 trading 0.1 per cent higher at the last count. 

Dow futures were down over 40 points, indicating a sluggish start ahead on Wall Street.