The rally extended into Thursday’s session, with the Nifty rising for the fourth straight day to close above 23,800, while the Sensex ended above 78,500—both at their highest levels in over three months. The Nifty Bank index finished at a seven-month high, logging its second-highest closing level ever.
Financials powered the rally, with HDFC Bank, ICICI Bank, and IndusInd Bank among the top contributors. In total, 49 of the 50 Nifty components posted weekly gains, with stocks rising as much as 15%. Five of the top 10 weekly gainers were from the financial sector.
Other major gainers included Axis Bank, Shriram Finance, Adani Ports, and Bharti Airtel. Among midcaps, Delhivery, IREDA, NBCC, Zee Entertainment, and Macrotech Developers led the advance.
On Thursday, the Sensex rose 1,509 points to 78,553 and the Nifty 50 jumped 414 points to end at 23,852. The Nifty Bank index gained 1,172 points to close at 54,290, while the Nifty Midcap 100 climbed 312 points to 52,658.
Shares of IndiGo, HDFC Bank, ICICI Bank, Bharti Airtel, and Eicher Motors hit record highs during the session. Meanwhile, Wipro was the top Nifty loser, falling 4% after a Q4 earnings miss and weak Q1 guidance.
IT stocks saw an intraday rebound, with Coforge and Persistent Systems rising over 6% from their lows. HDFC Asset Management Co. rose 2% after reporting a 30% year-on-year increase in revenue.
ABB India gained 4% on positive cues from its global parent, while Angel One ended 7% off its highs after the company announced it expects margin normalization by Q4FY26. Gensol Engineering remained locked in a lower circuit, ending 5% lower.
Market breadth was positive with the NSE advance-decline ratio at 2:1, indicating broad participation in the rally across sectors.
