Gains were led by the broader market, with the midcap index climbing 559 points to 55,174, snapping a four-day losing streak. Market breadth remained positive, with the advance-decline ratio at 3:2, indicating buying interest across sectors.
Among sectoral indices, Nifty Auto extended its rally, rising over 2%, continuing momentum from the previous session.On the stock-specific front, MOILsurged 19% after the company outlined plans to achieve 9 lakh tonnes of manganese production in the March quarter.
Shares of Cyient DLM, Amber Enterprises and Syrma SGS rose up to 5% after JPMorgan upgraded the stocks to ‘overweight’.Among benchmark constituents, Eternal, Tata Steel, Mahindra & Mahindra, HDFC Life and Bharat Electronics were the top gainers, rising between 2% and 6%. Bharat Electronics also gained after securing an order worth ₹1,011 crore.
In the midcap space,SAIL, BSE, APL Apollo Tubes and KPIT Technologies advanced between 4% and 6%.
On the downside, Urban Company fell 3% following a ₹385 crore block deal after the expiry of a shareholder lock-in period.
Meanwhile, oil marketing companiesHPCL, BPCL and IOC declined around 2% each after Kotak Institutional Equities cut target prices.
Vedanta also saw gains after the NCLT rejected its plea to acquire Jaiprakash Associates under the insolvency process.
