Indian Stock Market Ends Higher as Realty and IT Stocks Lead the Rally
Indian stock markets closed in positive territory on Thursday as investors remained optimistic despite mixed global cues. The major indices opened above the previous day’s closing levels and maintained their gains throughout most of the trading session. Strong buying in realty and information technology (IT) stocks helped the market move higher, while auto and metal stocks remained under pressure.
Market Overview
The stock market started the day on a strong note, opening above Wednesday’s closing levels. Positive sentiment among investors supported buying activity across several sectors. Although some sectors witnessed selling pressure, the overall market trend remained positive.
Realty and IT stocks emerged as the biggest gainers of the day. Investors showed strong interest in these sectors, helping the benchmark indices stay in the green. On the other hand, auto and metal stocks lagged behind and ended lower.
The positive market performance reflected confidence in India’s economic outlook and strong participation from both institutional and retail investors.
Sector Performance
Most sectoral indices ended the day with gains. Realty stocks led the rally as investors continued to bet on growth in the housing and infrastructure segments. IT stocks also witnessed strong buying support, driven by positive expectations for technology companies.
However, the automobile sector faced selling pressure. Metal stocks also struggled due to concerns about global demand and commodity prices. Despite weakness in these sectors, gains in other segments helped the broader market close higher.
Top Gainers in Nifty 50
Several stocks recorded strong gains during the trading session.
InterGlobe Aviation (IndiGo) was the top performer among Nifty 50 stocks, rising nearly 5% to close at Rs 5,207.20. Strong investor interest supported the stock’s rally.
Adani Enterprises gained 3.60% and closed at Rs 3,069.70, reflecting positive market sentiment toward the company.
Trent climbed 3.31% to Rs 3,247.00 as buying activity remained strong in retail-related stocks.
Tech Mahindra advanced 3.25% to Rs 1,461.60, benefiting from the overall strength in the IT sector.
Bajaj Finance rose 2.97% and ended at Rs 990.95, supported by positive developments in the financial services space.
Top Losers in Nifty 50
While the broader market remained positive, a few stocks ended lower.
Bajaj Auto was the biggest loser, falling 2.74% to Rs 9,750.00.
NTPC declined 2.07% to Rs 357.05 amid profit booking.
ONGC slipped 1.78% and closed at Rs 240.00.
Tata Steel lost 1.76% due to weakness in metal stocks.
Bharat Electronics fell 1.54% and ended at Rs 413.55.
Important Economic and Government Updates
The government announced that it would auction securities worth Rs 28,000 crore on June 25. The auction includes Rs 17,000 crore of 6.68% Government Securities maturing in 2040 and Rs 11,000 crore of 7.43% Government Securities maturing in 2076.
In another important development, the Ministry of Statistics and Programme Implementation (MoSPI) announced that it will launch the Index of Services Production (ISP) in July 2026. The new monthly indicator will help track the growth of India’s services sector, similar to how the Index of Industrial Production (IIP) measures manufacturing activity.
The government also approved 96 road projects worth Rs 211.71 crore in Tripura under the PMGSY-IV scheme. These projects will cover approximately 163.9 kilometers and are expected to improve rural connectivity.
Meanwhile, the Reserve Bank of India (RBI) proposed draft guidelines asking banks to strengthen governance and risk management practices related to artificial intelligence (AI) and machine learning systems.
Major Corporate Updates
Bajaj Finance allotted non-convertible debentures (NCDs) worth Rs 2,000.45 crore through private placement at a coupon rate of 7.92%.
Indian Railway Finance Corporation (IRFC) witnessed an increase in its Offer for Sale (OFS) size after the Ministry of Railways exercised the oversubscription option. The offer size increased from 13.07 crore shares to 24.31 crore shares.
Bajaj Auto reported a ransomware attack that affected certain systems of the company and its subsidiary. The company stated that precautionary measures were taken and the incident was reported to relevant authorities.
ABB India partnered with Kolkata Metro to provide electrification and motion control solutions across the metro network.
Vedanta incorporated a wholly-owned subsidiary named Vedanta Property Platforms Ltd to undertake real estate and related business activities.
Bharat Forge completed the acquisition of a 90% stake in RS Aerostructures Ltd through its subsidiary BF Industrial Solutions Ltd.
Infosys announced a partnership with US healthcare provider Sentara to expand AI adoption across healthcare operations and enterprise functions.
Global Market Performance
Global markets presented mixed signals. US markets closed lower, with the Dow Jones declining 0.09% and the Nasdaq falling 2.21%.
Across Asia, most markets traded higher, reflecting improved investor sentiment. European markets showed mixed performance during trading hours.
Gold, Silver and Currency Update
Precious metals witnessed a decline during the day.
Gold prices for 10 grams fell 1.94% to Rs 1,42,178.
Silver prices dropped 2.39% to Rs 2,22,035 per kilogram.
The Indian Rupee remained largely stable against the US Dollar, with the USD-INR rate rising marginally by 0.01% to Rs 94.70 per dollar.
Long-Term Market Returns
Indian equity markets have delivered strong returns over the long term. Over the past 20 years, the Sensex has generated average annual returns of 10.53%, while the Nifty has delivered approximately 10.88% annually.
Among US indices, the Dow Jones has returned 8.05% annually, while the Nasdaq has produced an impressive average annual return of 13.26%.
The Indian stock market ended the day with healthy gains as strong buying in realty and IT stocks outweighed weakness in auto and metal sectors. Positive economic developments, corporate announcements, and investor confidence helped maintain the market’s upward momentum. While global markets offered mixed signals, domestic equities continued to attract interest, keeping the overall market sentiment positive.