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Indian Stock Market Bounces Back: Key Updates on Airtel, IndiGo, and Lenskart

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The BSE Sensex ended the day at 83,871.32, up by 335.97 points or 0.40%, after recovering from a low of 83,124.03.

The Nifty50 closed at 25,694.95, up 120.60 points or 0.47%, bouncing back from its day’s low of 25,449.25.

Nifty MidCap 100 ended 0.50% higher, reflecting some recovery in mid-sized stocks.

Nifty SmallCap closed 0.21% lower, showing mixed performance in smaller stocks.

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Impact on the stock market

Sector-wise performance

Nifty IT: Up by 1.20%, benefiting from a positive global tech outlook.

Nifty Auto: Gained 1.07%, with strong contributions from key auto stocks like M&M.

Nifty PSU Bank: Slipped by 0.39%, reflecting weakness in public sector banks.

Sector/IndexPerformance
IT & BPM sector1.20%
Healthcare sector-0.07%
Oil & Gas sector0.59%
Real estate sector-0.16%
PSU Bank in India-0.39%

Top gainers today

CompanyShare Price (in ₹)Change %
Interglobe Aviation5,782.503.47
Bharat Electronics 427.302.51
M&M 3,749.102.33
Adani Ports 1,474.402.04
HCL Tech 1,570.001.91

Top losers today

CompanyShare Price (in ₹)Change %
Bajaj Finance 1,005.20-7.35
Bajaj Finserv 1,989.40-6.09
ONGC 249.45-0.78
TMPV 407.60-0.69
Apollo Hospital 7,501.00-0.38

Market aftermath: Impact on stocks

Airtel Payments Bank: Strong Q2 growth

Airtel Payments Bank posted a 19.4% year-on-year growth in revenue, reaching ₹804 crore in Q2FY26. The bank also reported a modest profit of ₹11.8 crore, a slight increase from ₹11.2 crore in the same quarter last year. The revenue milestone of crossing ₹800 crore for the first time highlights the strong momentum in the digital-first banking model. With growing customer balances of ₹3,987 crore, Airtel Payments Bank is expanding its presence with over 5 lakh active banking points.

The performance reflects increasing adoption of Safe Second Accounts and merchant offerings, making it a key player in India’s mobile banking space.

IndiGo: Surge After partnership with China Southern Airlines

Shares of IndiGo jumped 4% after the airline announced a codeshare partnership with China Southern Airlines. This collaboration aims to improve travel options between India and China, enhancing customer experience with seamless connectivity across both networks. IndiGo’s CEO, Pieter Elbers, highlighted the benefit of this partnership, following the reinstatement of direct flights between Kolkata and Guangzhou, and Delhi and Guangzhou.

This announcement comes as part of IndiGo’s strategy to enhance its presence in the growing India-China travel market. The strong 4% jump indicates that the market sees significant potential in this partnership for long-term growth.

Lenskart: A 7% gain post weaker debut

After a somewhat disappointing market debut, Lenskart shares have rebounded by 7% in just two days. The stock had listed at a 3% discount to the IPO price of ₹390 but recovered and closed 0.3% higher than the IPO price on its debut day. Analysts were cautious about its valuation, citing concerns over the capital-heavy model, but the stock’s recent gains show investor optimism, likely driven by the company’s expanding store footprint and long-term growth potential.

Crude Oil: Awaiting key industry reports

Crude oil futures traded lower on Tuesday, as investors awaited key monthly reports on global oil supply and demand:

  • Brent crude was down 0.16%, trading at $63.96 per barrel.
  • WTI crude also slipped by 0.18%, to $60.02 per barrel.

While the markets are keenly awaiting the OPEC+ and IEA reports later this week, concerns over oversupply persist. The markets are also focused on geopolitical factors, particularly in the Middle East, and the impact on global oil supply.

Conclusion: A solid recovery amid mixed sentiment

Today’s market recovery is a positive sign that buyers are willing to step in during market dips, particularly in IT and auto sectors. Stocks like Airtel Payments Bank, IndiGo, and Lenskart reflect the growing potential in India’s digital banking, travel, and consumer-tech spaces. However, the market is still digesting recent volatility, with mixed performance across broader indices and sectors.

For investors, the key takeaway is that while IT and Auto stocks remain strong, caution is still necessary in certain sectors like PSU Banks. As we await further reports on crude oil and market reactions to upcoming earnings, the overall market sentiment remains cautiously optimistic.
For more stock market insights, check out the StockGro blog.

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Rohan Malhotra

Rohan Malhotra is an avid trader and technical analysis enthusiast who’s passionate about decoding market movements through charts and indicators. Armed with years of hands-on trading experience, he specializes in spotting intraday opportunities, reading candlestick patterns, and identifying breakout setups. Rohan’s writing style bridges the gap between complex technical data and actionable insights, making it easy for readers to apply his strategies to their own trading journey. When he’s not dissecting price trends, Rohan enjoys exploring innovative ways to balance short-term profits with long-term portfolio growth.

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