Sensex Surges 1,225 Points; BSE Ltd Leads Gains

Sensex close: It ended at 76,917.85, up 1,225.07 points (1.62%), against Monday’s close of 75,692.78. Nifty close: The Nifty50 settled at 23,810.85, up 370.05 points (1.58%), after an intraday low of 23,482.80. Streak: This is the fourth straight session of gains, and both indices ended at their intraday highs. Over the last two sessions the Sensex has added about 2,458 points (3.3%) and the Nifty about 758 points (3.3%). Top gainer:

led the Nifty50, up 5.03% to ₹3,665.70 as capital markets stocks rallied on hopes of long-term capital gains tax relief and FII buying. Other gainers: Nestle India (+4.47% to ₹1,248.40), Tata Consumer Products (+4.29% to ₹1,073.00), Asian Paints (+3.99%) and Bharti Airtel (+3.77%) followed. Top loser: Power Grid fell the most, down over 3%. Other losers: SBI and ONGC were also among the biggest losers. Sectors: FMCG led, up 2.5-3.65% depending on the source, followed by realty (about +2.1-2.3%), private banks (+1.98%) and auto (+1.7%). Broader market: The Nifty Midcap 100 rose 1.06%, while the Smallcap 100 lagged with a 0.31% gain. Drivers: Easing crude oil, improved foreign fund flows and strong earnings supported the rally, though oil ticked up slightly after reports of a US strike on Iran’s Qeshm Island.