Stock Market Today: Sensex Jumps 858 Pts to 76,929, Nifty Hits 23,836; Infosys, TCS Gain Up to 4%

Overview

• Sensex jumped 858 points to an intraday high of 76,929. At the same time, Nifty reached 23,836, marking the third straight day of gains with strong support from IT stocks.

• Nifty IT surged over 4% to 29,939, led by Coforge (+5.7%), Infosys (+4%), TCS (+3.63%), and Wipro (+3.1%), ending a six-day losing streak.

• Crude oil prices eased with Brent at $102.27 and WTI at $94.67. Meanwhile, gold slipped 0.21% to Rs. 1,55,662, as markets await the US Federal Reserve’s rate decision.

The stock market today rallied sharply, with the Sensex and Nifty both recovering from yesterday’s losses. Sensex hit an intraday high of 76,929.30, up 858 points or 1.1%. Meanwhile, Nifty 50 jumped to 23,836. By midday, Sensex was trading around 76,786 and Nifty around 23,792.

The rally marked the third straight session of gains. Broader markets did even better; Nifty Midcap 100 and Nifty Smallcap 100 both rose over 1.5% each. Gift Nifty was at around 23,657. It is a premium of nearly 40 points over Nifty futures' previous close, which had already hinted at a strong opening.

Here’s everything you need to know about the stock market today based on Moneycontrol Live Updates.

IT Sector Leads the Rally

Nifty IT was the top-performing sector in today's stock market, rising over 4% and ending a six-day losing run. The index climbed to 29,939.65 from its previous close of 28,760.90.

Coforge led the pack with a gain of 5.7%. Oracle Financial Services and Persistent Systems each rose over 5%. Infosys and HCL Technologies both gained 4%, with Infosys trading at Rs. 1,282.40. TCS rose 3.63% to Rs. 2,478.50, while Wipro climbed 3.1% to Rs. 197.26.

CLSA maintained an 'outperform' rating on Infosys, TCS, Tech Mahindra, and LTIM, pointing to strong deal pipelines and sector valuations at 10-year averages.

Auto, Realty, and Other Sectors

Apart from IT, Nifty Auto gained over 1.8%. Top gainers in auto included Sona BLW (+3.67%), M&M (+2.5%), Hero MotoCorp (+2.14%), and Maruti Suzuki (+1.26% at Rs. 13,157.65).

BSE Realty rose 2.15%, with Brigade Enterprises up 3.91% and Godrej Properties gaining 2.6% to Rs. 1,626. Godrej Properties also announced the acquisition of a 20-acre land parcel near Whitefield, Bengaluru, with a revenue potential of Rs. 1,350 crore.

Nifty Metal was the only major sector in the red. Hindustan Copper fell 3.84%, Hindustan Zinc dropped 2.93%, and Vedanta lost 2.61%.

Rupee, Gold, and Crude Oil

Indian rupee fell 3 paise to 92.43 against the US dollar in early trade, weighed down by FII outflows and a stronger greenback. The previous session had seen it settle at an all-time low of 92.40.

Gold slipped in today's stock market session. MCX Gold April futures fell 0.21% to Rs. 1,55,662 per 10 grams. Spot gold traded marginally higher at $5,012 per ounce in international markets. MCX Silver May futures dropped 0.76% to Rs. 2,51,200 per kg, with spot silver down to $79 per ounce.

Brent crude eased 1.11% to $102.27 a barrel, while US WTI crude fell to $94.67.

Share Market News: Key Updates

Urban Company shares jumped nearly 9% to Rs. 119.55 after SBI Mutual Fund bought 5.75 crore shares worth Rs. 632.21 crore, taking its stake to 3.98%.

In a major insolvency development, NCLT approved Adani Enterprises' Rs. 14,535 crore bid for Jaiprakash Associates. This wipes out nearly Rs. 400 crore of shareholder wealth, with no payout to existing equity holders.

Axis Bank share price rose 1.61% to Rs. 1,247.90 after its board approved a Rs. 1,500 crore infusion into consumer lending arm Axis Finance.

Mafatlal Industries surged 10.55% to Rs. 127.30 after winning a Rs. 114 crore order to set up 500 robotic labs across Odisha. Mankind Pharma gained 2.3% to Rs. 2,114.90 after acquiring the Rivotril brand from Roche for the Indian market.

Also Read: Adani Power Share Price Rises to ₹155.70, Up 1.06% After Major Order Win

Market Outlook: The FOMC Factor

The immediate trajectory of the stock market today now hinges on the US Federal Open Market Committee’s (FOMC) rate decision. It is widely expected to hold interest rates unchanged today, given rising inflation risks tied to elevated crude oil prices and an ongoing US-Iran conflict. Markets are watching closely for forward guidance. Any dovish signal could lift sentiment in precious metals and emerging market equities, including Indian stocks. The stock market today and in the near term will likely take direction from the Fed's commentary more than the rate decision itself.

Also Read: US Stock Market Today: S&P 500 Gains 0.3% as Investors Show Confidence Amid Geopolitical Uncertainty

FAQs

1. What is the oil price today?

Crude oil prices are slightly lower today. Brent crude is trading at around $102.27 per barrel, down about 1.11%, while US WTI crude is at $94.67. This drop in oil prices is helping improve investor sentiment in equity markets, as lower energy costs can reduce inflation pressure and support economic growth.

2. Why is the US Federal Open Market Committee’s (FOMC) rate in focus?

The FOMC rate decision is important because it affects global liquidity and investor sentiment. Markets expect the US Federal Reserve to keep rates unchanged, but traders are closely watching the commentary. A dovish tone could boost stocks and emerging markets like India, while a hawkish stance may create pressure on equities and currencies.

3. Why is gold going down?

Gold prices are slightly down today as investors shift focus towards equities after a strong stock market rally. MCX gold futures fell 0.21% to Rs. 1,55,662. When stock markets rise and risk appetite improves, demand for safe-haven assets like gold usually decreases, which puts pressure on prices.

4. How did Sensex and Nifty perform today?

Sensex and Nifty both performed strongly today. Sensex jumped 858 points to hit an intraday high of 76,929 and was trading around 76,786 by midday. Nifty reached 23,836 and hovered near 23,792. The rally was led mainly by IT stocks, and it marked the third consecutive session of gains.

5. What is the latest share market news?

The latest share market news highlights a strong rally led by IT stocks, which gained over 4%. Coforge, Infosys, and TCS were among the top performers. Urban Company shares jumped 9% after a major stake buy, while Mafatlal Industries surged over 10% on a new order win. Meanwhile, metal stocks were the only major laggards today.