The S&P BSE Sensex advanced 636.90 points or 0.84% to 76,692.91 at 13:30 IST, while the Nifty 50 index rose 182 points or 0.77% to 23,950.70. According to reports from Business Standard, the broader market significantly outperformed the frontline indices, with the BSE 150 MidCap Index rising 1.08% and the BSE 250 SmallCap Index advancing 1.23%. Market breadth remained strong with 2,732 shares rising against 1,453 shares falling on the BSE, while 247 shares remained unchanged. As per latest reports, the SENSEX soared as much as 0.96% to hit an intraday high of 76,791.99, while the NIFTY50 surged as much as 0.89% to reach the session's peak of 23,979.40. At 1:24 PM, the S&P BSE SENSEX jumped by 703.30 points, or 0.92%, to trade at 76,763.07, with the NSE's NIFTY50 standing at 23,970.60, reflecting a 203.15-point, or 0.85% jump. The sharp gains added around ₹3 lakh crore to the total market capitalisation of all companies listed on BSE, pulling it up to ₹482 lakh crore.
The Nifty Realty index jumped 1.66% to 896.40, marking a significant recovery after the index had tumbled 4.91% in the past three consecutive trading sessions. As reported by Business Standard, major realty stocks led the rally with Lodha Developers up 3.92% after the company reported 103.36% surge in consolidated net profit to ₹1,372.1 crore in Q1 FY27, compared with ₹674.7 crore in Q1 FY26. Lodha's revenue from operations rose 43.1% YoY to ₹4,996.7 crore in Q1 FY27, reflecting strong execution and sustained demand across its residential portfolio. Other major gainers included Anant Raj gaining 3.08%, Aditya Birla Real Estate rising 2.79%, Prestige Estates Projects advancing 2.52%, Brigade Enterprises up 1.85%, Phoenix Mills climbing 1.37%, Sobha rising 1.31%, Oberoi Realty up 1.3%, and Godrej Properties gaining 0.59%.
Infosys stock rallied as much as 3.79% to ₹1,080.70 per equity share on the NSE, despite the company's narrowed FY27 revenue guidance disappointing the Street. Investors are now expected to shift their focus to its AI strategy and the leadership transition under CEO-designate Ashiss Kumar Dash. Dr. Lal Path Labs hit a 52-week high level of ₹1,894.9 per unit after investors reacted positively to the company's Q1 FY27 earnings, with the pharma major posting a 28.02% YoY surge in consolidated net profit to ₹169.5 crore and revenue jumping 19.10% YoY to ₹797.7 crore. Tata Consumer Products (TCPL) added 1.52% after the company reported a 27.78% year-on-year increase in consolidated net profit to ₹426.98 crore for Q1 FY27, compared with ₹334.15 crore in Q1 FY26, with revenue from operations rising 11.93% YoY to ₹5,348.88 crore. Canara Bank added 1.35% after reporting a 2.19% increase in net profit to ₹4,856 crore on a 4.26% rise in total income to ₹39,684 crore in Q1 FY27. AU Small Finance Bank jumped 5% after reporting a 37.03% jump in standalone net profit to ₹795.95 crore in Q1 FY27, with total income climbing 15.47% YoY to ₹5,991.95 crore. Seshasayee Paper and Boards rallied 5% after the company's standalone net profit surged 96.89% to ₹33.59 crore in Q1 FY27, with revenue from operations increasing 27.68% YoY to ₹492 crore.
Infosys, L&T, Eternal, Hindustan Unilever, Bharti Airtel, TCS, Bajaj Finance, M&M, Tech Mahindra, HDFC Bank and HCL Technologies shares were the top gainers on Sensex, jumping up to 3%. According to The Economic Times, IndiGo shares fell nearly 1% as oil prices soared over 4% after joint strikes in Iraq by US and Saudi Arabia, and the interception of Iran's ballistic missiles aimed at US forces in the Middle East spooked investors. India VIX, which is a measure of volatility in the market, dropped more than 3% to 12.18 despite the renewed uncertainties. Broader markets also traded in deep green, with Nifty Midcap 100 and Nifty Smallcap 100 indices rising up to 0.6%. The overall market breadth turned positive, with the NSE seeing 1,894 advances against 641 declines, while 102 stocks remained unchanged.
Sectorally, Nifty IT and Nifty Metal jumped 1-2% to lead gains, while Nifty Realty and Nifty Oil & Gas slipped into the red. As reported by The Economic Times, 4 key factors are pushing the market higher today: 1) Global AI selloff continues - This comes as India comparatively has a smaller number of large listed companies directly tied to the AI infrastructure boom, providing it resilience at a time when analysts are questioning whether the massive AI spending by hyperscalers will actually bear fruit in the future, triggering AI bubble worries. 2) Rupee gains - "Going forward, the rupee will continue to take cues from crude oil prices, the US Dollar Index, FII flows, and the upcoming US Federal Reserve policy decision. Technically, the rupee is expected to trade in the 95.50-96.25 range in the near term," said Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities. The sharp gains added around ₹3 lakh crore to the total market capitalisation of all companies listed on BSE, pulling it up to ₹482 lakh crore.
