The benchmark BSE Sensex rose by 769.09 points, closing at 81,721.08, while the NSE Nifty50 gained 243.45 points to settle at 24,853.15. Both indices traded in a fairly tight range, with the Sensex oscillating between 80,897.00 and 81,905.17 during the day.
On the broader market front, Nifty Midcap100 and Nifty Smallcap100 indices also posted healthy gains of 0.64% and 0.80% respectively, indicating that the rally wasn’t just limited to large-cap stocks.
Market volatility also eased as India VIX dropped 0.57% to 17.16 points, indicating a calmer trading environment compared to previous sessions.
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Impact on the stock market
Sector-wise, FMCG and Private Banks stood out as the best performers, rising by 1.63% and 1.08% respectively. Other sectors that joined the rally included IT, Financial Services, Metals, PSU Banks, Oil & Gas, and Realty, which ended up higher by up to 0.95%.
The only exceptions were Pharma and Healthcare, which slipped slightly; Nifty Pharma fell 0.41%, and Healthcare dipped just 0.01%, reflecting some profit booking or cautiousness in these sectors.
| Sector/Index | Performance |
| IT & BPM sector | 0.95% |
| Healthcare sector | -0.01% |
| Oil & Gas sector | 0.78% |
| Real estate sector | 0.26% |
| PSU Bank in India | 0.52% |
Top gainers today
| Company | Price (in ₹) | Change % |
| Eternal Share Price | 237.55 | 3.72 |
| HDFC Life Share Price | 780.40 | 3.25 |
| Jio Financial Share Price | 281.75 | 2.62 |
| Power Grid Corp Share Price | 298.10 | 2.48 |
| ITC Share Price | 436.30 | 2.39 |
Top losers today
| Company | Price (in ₹) | Change % |
| Sun Pharma Share Price | 1,683.60 | -2.04 |
| Grasim Share Price | 2,659.40 | -0.57 |
Market aftermath: Impact on stocks
Paras Defence shares rise 1% on JV with Israel’s Heven Drones
Paras Defence shares jumped over 1%, closing at ₹1,633, after the company announced a joint venture with Israel’s Heven Drones. The JV aims to manufacture cargo drones for defence and civilian markets in India, with Paras Defence holding a 51% stake.
This move aligns with the Indian government’s ‘Made in India’ initiative and comes after Paras Defence signed a memorandum of understanding with Heven Drones earlier this month. The company expects the JV to unlock new business opportunities both domestically and globally.
Given the current geopolitical tensions and increased focus on defence technology, Paras Defence’s recent surge is consistent with the broader rally in defence stocks.
Ashok Leyland posts 38% jump in Q4 net profit
Ashok Leyland reported a strong Q4 with a consolidated net profit of ₹ 1,246 crore, a 38.4% increase compared to ₹ 900 crore a year ago. Revenue from operations rose 5.7% to ₹ 11,906.7 crore.
Despite rising expenses, the company managed to boost total income to ₹ 12,012.64 crore. The Ashok Leyland board also approved a 1:1 bonus share issue, rewarding shareholders amid these healthy earnings.
Ashok Leyland’s shares reflected this positive momentum, settling higher by 0.59% at ₹ 240.22 on the NSE.
BEML Q4 profit up 12%, shares jump 3%
BEML reported a 12% increase in net profit to ₹ 288 crore for Q4 FY25, with revenues rising over 9% to ₹ 1,652.53 crore. The stock reacted positively, climbing more than 3% to trade at ₹ 3,735.
However, the company deferred its final dividend declaration despite recently announcing a second interim dividend of ₹ 15 per equity share. This cautious approach may be due to market uncertainties or capital allocation strategies.
Despite a 19% gain over the past month, BEML’s shares have seen a 9% decline year-to-date, reflecting some volatility amid the defence sector rally.
Crude oil update: Prices dip on potential OPEC+ supply increase
Crude oil futures slipped amid reports that OPEC+ is considering increasing production in July. Brent crude for July delivery fell 0.45% to $64.15 per barrel, while WTI crude dipped 0.46% to $60.92.
On the MCX, June crude futures traded down 0.42% at ₹5,243, with July futures also falling slightly to ₹5,222.
Market watchers are keenly observing OPEC+ decisions, as an increase in supply would signal a shift from price support to market share focus. ING Think analysts expect a supply hike of approximately 411,000 barrels per day next month, which could pressure oil prices further.
Meanwhile, US crude storage levels have risen to pandemic-era highs as traders prepare for increased supply. Natural gas futures rose 0.8%, while select agricultural commodities saw mixed trends.
Conclusion
Friday’s market gains were broad-based and powered by solid sectoral performances, especially in FMCG, private banks, and defence-related stocks. Positive corporate earnings and strategic partnerships like Paras Defence’s JV added momentum, even as crude oil prices softened on supply concerns.
The overall mood seems optimistic but cautious, with volatility cooling and more stocks hitting new highs. For investors, today’s session signals strength but also the importance of watching sector rotation and global commodity trends closely.
So, as the week closes, the key question remains: Will this positive momentum carry forward into next week, or are we seeing a temporary bounce before markets reassess external risks?
For more stock market insights, check out the StockGro blog.
