Nifty 50 rose 233.5 points or 0.97% to close at 24,261.6
Sensex gained 639.82 points or 0.82% to settle at 78,205.98
The rally was broader than just large-cap stocks. Mid-cap and small-cap indices performed even better, signalling improved risk appetite among investors.
Nifty MidCap index climbed 1.62%
Nifty SmallCap index jumped 2.12%
Impact on the stock market
The Nifty Auto index emerged as the top-performing sector of the day. Lower oil prices tend to improve the outlook for automobile companies by reducing fuel-related concerns and supporting consumer spending sentiment.
Other sectors that performed strongly included:
- Nifty Consumer Durable index
- Nifty Financial Services – Ex Bank index
These sectors typically benefit when inflation fears ease and consumption outlook improves.
However, not all sectors participated in the rally.
The Nifty IT index was the worst-performing sector during the session. Technology stocks remained under pressure due to ongoing global growth concerns and cautious sentiment around export-oriented businesses.
Meanwhile, Nifty Oil and Gas stocks also underperformed, largely because energy companies often lose momentum when crude prices decline sharply.
Overall, the sectoral trend showed that investors rotated toward consumer-focused and domestic-growth sectors while trimming exposure to energy-linked and export-sensitive industries.
| Sector/Index | Performance |
| IT & BPM sector | -0.46% |
| Healthcare sector | 1.13% |
| Oil & Gas sector | -0.39% |
| Real estate sector | 1.55% |
| PSU Bank in India | 2.21% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Shriram Finance | 1,062.90 | 7.67 |
| TMPV | 345.20 | 3.98 |
| Eicher Motors | 7,536.50 | 3.72 |
| Interglobe Aviation | 4,380.40 | 3.39 |
| M&M | 3,293.70 | 3.33 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Infosys | 1,295.60 | –1.48 |
| Eternal | 226.62 | -1.28 |
| Reliance | 1,408.80 | -1.07 |
| Bharti Airtel | 1,850.40 | -0.87 |
| ONGC | 269.20 | -0.59 |
Market aftermath: Impact on stocks
Appliance Stocks Surge Amid LPG Supply Concerns
Shares of electric kitchen appliance manufacturers rallied sharply after concerns about LPG availability led to a surge in demand for alternatives such as induction cookers.
Companies that manufacture cooking appliances saw strong buying interest.
Key gainers included:
- Borosil, which surged 13%
- Bajaj Electricals, which rose around 7%
- TTK Prestige, which gained nearly 7%
- Hawkins Cookers, which advanced 4.8%
- Butterfly Gandhimathi Appliances, which climbed 2%
The rally was triggered by fears that tensions in West Asia could disrupt LPG supply to India.
India consumes about 31.3 million tonnes of LPG annually, with 87% used in households and the remaining portion used by commercial establishments such as hotels and restaurants.
More importantly, around 62% of India’s LPG requirement is met through imports. A significant portion of these imports passes through the Strait of Hormuz, which became a focal point after escalating tensions between Iran and Israel.
Reports suggested that disruptions in the region could affect 85–90% of India’s LPG imports from Middle Eastern suppliers.
Retailers reported a sudden spike in demand for induction cookers.
According to an electronics retailer in Kolkata, daily sales of induction cookers jumped from around 40–45 units to nearly 120–130 units, representing a sharp increase as consumers began stocking alternatives to gas cooking.
However, government officials later clarified that LPG production has been increased by 10% and there is currently no shortage of supply.
Despite this reassurance, the market reacted quickly to the possibility of rising demand for electric cooking appliances.
Polycab And KEI Industries Fall As Copper Prices Rise
While appliance stocks rallied, the cables and wires sector faced selling pressure due to rising copper prices.
Shares of Polycab India and KEI Industries declined sharply during the session as investors reacted to higher raw material costs.
- KEI Industries fell as much as 7.53% intraday, touching ₹4,429 before settling 4.92% lower at ₹4,554
- Polycab dropped 6.62% to an intraday low of ₹7,684 and closed 6.12% lower at ₹7,725
Copper prices rose after stronger-than-expected economic data from China boosted demand expectations. Since China is the world’s largest consumer of copper, any positive economic data from the country tends to push metal prices higher.
For companies like Polycab, this is significant because copper accounts for roughly 50–60% of total raw material costs. Higher copper prices can therefore directly affect margins and profitability.
Analysts also highlighted additional concerns for the sector, including slower volume growth, commodity price volatility, and inventory adjustments across distribution channels.
As a result, even on a day when the broader market was positive, cables and wires stocks remained under pressure.
Redington Shares Rally On India’s Growing Role In iPhone Manufacturing
Another major stock in focus was Redington, whose shares surged after reports highlighted Apple’s growing manufacturing presence in India.
The stock rose sharply during the session:
- Redington jumped over 15% intraday to ₹268.5
- It eventually closed 10.78% higher at ₹257.4
The rally followed a report stating that Apple now manufactures about 25% of its iPhones in India.
Production numbers show the scale of this shift:
- Apple assembled around 55 million iPhones in India in 2025
- This was up from 36 million units the previous year
- That represents a 53% increase in production
Redington has been a long-term partner of Apple since 2007, managing distribution, warehousing, and logistics for Apple products across multiple regions including India, the Middle East, Turkey, Africa, and South Asia.
The expansion of iPhone production in India is part of Apple’s broader strategy to reduce its dependence on China amid trade tensions and tariffs imposed by the United States.
India’s Production Linked Incentive (PLI) scheme has also played a key role in encouraging global technology companies to expand their manufacturing footprint in the country.
For investors, Redington’s rally reflects growing optimism around India’s rising importance in the global electronics supply chain.
Crude Oil
Crude oil remained the most important macroeconomic factor influencing today’s market movement.
Oil prices fell sharply after Trump suggested that the conflict with Iran could soon end, reducing fears of prolonged supply disruptions.
On the Multi Commodity Exchange (MCX):
- March crude oil futures dropped ₹719, or 8.18%, to ₹8,069 per barrel
- April crude futures declined ₹531, or 6.21%, to ₹8,017 per barrel
The decline followed an extremely volatile trading period.
Just a day earlier, the March contract had surged more than 26% to reach a record high of ₹10,549 per barrel before reversing sharply.
Global oil prices also cooled:
- WTI crude fell $6.65, or 7.02%, to $88.12 per barrel
- Brent crude declined 6.1% to $92.92 per barrel
Earlier in the week, both benchmarks had surged close to $120 per barrel after disruptions in the Strait of Hormuz raised fears of a major supply shock.
However, comments from Trump about potential sanctions waivers and plans to deploy the US Navy to escort oil tankers through the Strait of Hormuz helped reduce supply concerns.
Additionally, G7 finance ministers indicated that strategic oil reserves could be released if required, further easing pressure on global oil markets.
Conclusion
Indian stock markets staged a solid recovery today as easing geopolitical tensions and falling oil prices boosted investor confidence.
With the Sensex rising 639.82 points to 78,205.98 and the Nifty climbing 233.5 points to 24,261.6, the market successfully ended its recent losing streak.
Broader markets performed even better, with mid-cap and small-cap indices rising 1.62% and 2.12%, indicating improving risk appetite among investors.
However, the session also highlighted how different sectors respond to global developments. Appliance stocks rallied on LPG supply concerns, cables and wires companies slipped due to rising copper prices, and Redington surged on optimism around Apple’s expanding manufacturing presence in India.
Going forward, investors will continue to monitor developments in global energy markets and geopolitical tensions, as these factors remain key drivers of market sentiment.
For more stock market insights, check out the StockGro blog.
