From the Sensex pack, stocks like Axis Bank, Larsen and Toubro, Bajaj Finserv, Bajaj Finance, and NTPC were among the top gainers, ending 4–4.4% higher.
On the Nifty 50 index, the top gainers were Adani Enterprises, Shriram Finance, and Trent.
Information technology and metal stocks led the rally today, buoyed by the US-China decision to slash tariffs for 90 days — a move seen as reducing trade headwinds for export-driven sectors.
The Nifty IT index jumped 7.1%, its biggest single-day gain in five years. Heavyweights Infosys, Wipro, and HCLTech rose between 6% and 8%.
The Nifty Metal index also rallied strongly as easing global trade frictions boosted demand outlook.
The Nifty Bank index advanced 1,788 points to 55,383, while the Midcap index jumped 2,193 points to 55,416, as investors chased value across the broader market.
Hotel and tourism stocks attracted strong buying amid optimism over cross-border stability and travel revival. Indian Hotels Co. and InterGlobe Aviation, which operates IndiGo, each gained about 7%.
In what was a fairly resilient performance from the stock market, despite escalating tensions between India and Pakistan on the border, the Nifty fell only 1.5% last week and held on to the 24,000 level on the downside.
The broader markets saw sharper swings on either side compared to the benchmarks but also clawed back most of their losses. The Nifty Midcap index fell 0.9% last week, while the Smallcap index ended 2.2% lower for the week.
First Published: May 12, 2025 6:43 AM IST
