The BSE Sensex ended with gains of 426.86 points, or 0.51%, at 84,818.13, while the NSE Nifty closed at 25,898.55, up by 140.55 points, or 0.55%.
In the broader market, the Nifty MidCap 100 and Nifty SmallCap 100 indices saw gains of 0.87% and 0.74%, respectively.
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Impact on the stock market
Sector-wise performance
Sector-wise, the Nifty Media index declined by 0.9%, followed by the Nifty FMCG index (-0.33%) and the Nifty IT index (-0.08%). On the upside, the Nifty Metal and Auto indices added 0.6% and 0.4%, respectively, showcasing strength in specific sectors.
The rate cut by the Fed provided positive momentum, especially in metal and auto sectors, while IT and media faced selling pressure, reflecting mixed sentiment across sectors.
| Sector/Index | Performance |
| IT & BPM sector | 0.81% |
| Healthcare sector | 0.94% |
| Oil & Gas sector | -0.03% |
| Real estate sector | 0.75% |
| PSU Bank in India | 0.51% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Adani Enterprise | 2,277.70 | 2.99 |
| Eternal | 290.95 | 2.72 |
| Jio Financial | 298.45 | 2.61 |
| Tata Steel | 166.38 | 2.56 |
| Kotak Mahindra | 2,180.20 | 2.38 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Asian Paints | 2,779.40 | -0.89 |
| Bharti Airtel | 2,053.20 | -0.67 |
| Axis Bank | 1,272.70 | -0.46 |
| Bajaj Finance | 1,006.40 | -0.39 |
| SBI Life Insura | 2,006.90 | -0.36 |
Market aftermath: Impact on stocks
Shakti Pumps: Shares jump 13% on Rs 444-crore solar pump order
Shakti Pumps saw a surge of over 13% after receiving an order from the Maharashtra State Electricity Distribution Company (MSEDCL) for 16,025 solar pumps, worth around Rs 444 crore. This announcement ended an eight-session losing streak for the stock, pushing it to Rs 624.75 per share. Despite recent declines, the strong order book has boosted investor sentiment, with the stock gaining nearly 2% in the last five days.
DCM Shriram: Shares climb 9% after MoU with Bayer CropScience
DCM Shriram shares jumped up to 9% following the signing of a Memorandum of Understanding (MoU) with Bayer CropScience. The collaboration aims to strengthen India’s agricultural ecosystem through innovation and sustainable practices. This partnership brings new opportunities in agri-inputs, digital advisory, and value-chain development, leading to a strong market reaction, with shares trading at Rs 1,302 per share.
Hindustan Zinc: Stock rises 4% as silver prices soar
Hindustan Zinc saw a 4% rise in its stock, driven by the sharp increase in silver prices to new lifetime highs. The price surge followed the Fed rate cut and boosted investor confidence. Silver futures reached an all-time high of Rs 1,93,452 per kilogram, further elevating Hindustan Zinc’s position as India’s largest silver producer. The stock has gained 9% in three days and continues to benefit from the rally in precious metals.
Crude oil
Indian refiners, including Nayara Energy, are back in the market contracting Russian crude oil as discounts on the Urals grade from Moscow have widened to $7 per barrel. This comes as Russia offers steeper discounts to Indian refiners, creating an opportunity for cheaper crude imports. While Reliance Industries (RIL) has paused its Russian crude purchases due to increasing sanctions, other refiners are taking advantage of the lower prices.
Analysts expect Indian imports of Russian crude to stabilize around 1–1.2 million barrels per day (mb/d), with some refiners continuing to secure cheaper deals despite potential reputational risks.
Conclusion
Today’s market performance was driven by positive global cues, particularly the US Fed rate cut, which provided relief to investors. Shakti Pumps, DCM Shriram, and Hindustan Zinc were among the top performers, while media and IT stocks faced pressure. The Russian crude oil market continues to be a point of interest, with Indian refiners seizing opportunities for discounted oil imports despite growing sanctions.
As the market digests the Fed’s move, it will be crucial to monitor sector performance and global developments for the coming weeks.
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