The Nifty50 closed at 24,085.70, up 96.55 points (0.4%), while the Sensex gained 347.14 points (0.45%) to 77,155.62.
Broader indices also performed well, with the Nifty MidCap up 0.52% and Nifty SmallCap rising 0.79%.
Markets were cautiously optimistic as global investors awaited the US Fed rate decision, expected to remain at 3.5–3.75%, with attention on commentary regarding inflation and growth amid recent geopolitical developments .
Impact On The Stock Market
Sectoral performance highlights:
- Outperformers: Nifty PSU Bank, Nifty Consumer Durables, Nifty Metal
- Underperformers: Nifty Auto, Nifty Realty
| Sector/Index | Performance |
| IT & BPM sector | 0.85% |
| Healthcare sector | -0.19% |
| Oil & Gas sector | 0.08% |
| Real estate sector | -0.43% |
| PSU Bank in India | 1.75% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Trent | 3,102.80 | 7.07 |
| Bharat Electrical | 419.85 | 3.02 |
| Hindalco | 1,007.90 | 2.60 |
| Eternal | 258.40 | 1.89 |
| Tata Steel | 199.01 | 1.54 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| TMPV | 360.95 | -8.30 |
| Cipla | 1,350.80 | -1.63 |
| ONGC | 245.00 | -1.29 |
| Bajaj Finserv | 1,764.60 | -1.27 |
| Axis Bank | 1,350.90 | -1.08 |
Market aftermath: Impact on stocks
Defence stocks surge on record production
Paras Defence and Space Technologies led the sector with an 11.78% gain to Rs 1,217.70. Hindustan Aeronautics Ltd (HAL) climbed 3.58% to Rs 4,408, and Bharat Dynamics advanced 4.25% to Rs 1,289.30.
The rally followed the Ministry of Defence announcing a record Rs 1.78 lakh crore in annual defence production for FY26, a 15.6% increase over the previous fiscal year and a 110% jump since FY21. Private-sector participation rose to Rs 42,000 crore, about 24% of total production, reflecting strong domestic involvement. Defence exports reached a record Rs 38,424 crore, boosting investor confidence in both public and private defence manufacturers .
IDBI Bank jumps on block deals and divestment hopes
IDBI Bank surged 17.12% to Rs 90.36 after multiple large block deals, reaching a three-month high. About 10.64 million shares changed hands, more than 28 times the previous day’s volume. Investors remain optimistic about the government’s ongoing strategic divestment, expected to proceed in FY27, while IDBI Bank’s improving financial performance, including a net profit of Rs 1,943.2 crore for Q4 FY26, added to bullish sentiment .
Yes Bank rises to two-year high
Yes Bank extended gains for the fourth session, rising 5.23% to Rs 25.14, reaching a near two-year high. Over the past four sessions, the stock gained 12.55%, supported by large block deals and a strategic partnership with Northern Arc Capital to expand digital lending and debt investment access. Technical indicators show strong upward momentum with RSI above 60 and a positive EMA structure .
Crude oil trends
Crude oil futures fell on expectations of increased global supply following the anticipated US-Iran peace deal:
August Brent: $78.71 (-0.32%)
July WTI: $75.69 (-0.47%)
June MCX crude: ₹7,143 (-0.45%)
July MCX crude: ₹7,111 (-0.18%)
The agreement will allow Iran to sell oil, with the US ending its blockade of Iranian ports. While the Strait of Hormuz reopens for oil flows, uncertainties remain, keeping traders cautious. Commodities such as aluminium, turmeric, and jeera saw mixed movements, reflecting ongoing volatility in global supply and demand .
Conclusion
Indian markets closed higher, led by PSU banks, metal, and consumer durable stocks, amid easing US-Iran tensions and falling crude prices. Defence companies benefited from record production and exports, while IDBI Bank and Yes Bank rallied on block deals and divestment optimism. Technical indicators suggest consolidation for Nifty around 24,000 and Bank Nifty near 57,800, with potential for further upside if these resistance levels are breached. Investors remain attentive to global cues and domestic policy developments as market momentum builds.
