The Sensex added 442.61 points, or 0.54%, to close at 82,200.34, while the NSE Nifty advanced 122.30 points, or 0.49%, to end at 25,090.70. The total market capitalisation of BSE-listed companies increased by Rs 62,703 crore to Rs 460.08 lakh crore.
Gainers & Losers
The country’s top two private lenders, HDFC Bank and ICICI Bank, rose 2.2% and 2.8%, respectively, after reporting better-than-expected profits for the June quarter. HDFC Bank also announced its first-ever bonus share issue, further boosting investor sentiment.
Reliance Industries, despite posting a profit beat, slipped 3.2% as several brokerages raised concerns about continued softness in its oil-to-chemicals and retail segments. The decline in Reliance weighed on the oil and gas index, which fell 1.1%.
The broader market saw mixed action. The Nifty Smallcap 100 closed marginally lower, down 0.01%, pressured by post-earnings declines in Newgen Software and IndiaMART InterMESH. In contrast, mid-cap stocks outperformed, with the Nifty Midcap 100 rising 0.6%.
Among other notable movers, UltraTech Cement gained 0.5% after beating quarterly profit estimates, while Eternal jumped 5.6% following a sharp rise in June-quarter revenue.Anthem Biosciences made a strong market debut, listing at a nearly 27% premium to its issue price and closing 28.1% higher.
