Nifty, Sensex hit one-month high, best day since early January

The Sensex jumped 1,397 points to close at 78,584, while the Nifty rose 378 points to 23,739, turning both indexes positive for 2025 with nearly 2% gains each. Market capitalisation of BSE-listed companies increased by more than ₹5 lakh crore.

Nifty Bank surged 947 points to 50,158, while the Midcap index added 825 points to 53,814.

“The stocks had very strong performance in the past year or so. But if you take a look at the large EMS companies the results, at least for a couple of them, were quite good. What’s more encouraging is that most of them continue to report 30-40, 50% revenue and earnings growth, which is quite scarce. Therefore the view of having a long-term positive bias towards the space absolutely remains. This theme is still quite structural, and that doesn’t change. Now the truth is that the market has corrected quite a bit so you already have maybe smallcaps correcting 15-20% from their peaks. It is quite natural that companies that have run up a lot will correct, but the positive view is still very much intact,” Abhiram Eleswarapu, Head of India Equity, BNP Paribas India on EMS space.Infrastructure stocks recovered Monday’s losses, with Nifty Infra climbing over 2%.

Defence stocks gained after a government official outlined ambitious order targets.

NBFCs extended gains, with Shriram Finance and Chola Finance rising 5% each.

Capex plays such as ABB, Siemens, NCC, and Cummins climbed 5-8%.