SENSEX rises over 400 points, NIFTY50 above 24,100 led by gains in HDFC Bank, Reliance Industries

The SENSEX rose as much as 430 points and NIFTY50 index touched an intraday high of 24,137 led by gains in index heavyweights like HDFC Bank, Reliance Industries, ICICI Bank, Infosys, Bajaj Finance and Tata Consultancy Services.

As of 9:22 am, the SENSEX was up 405 points at 77,212 and NIFTY50 index advanced 124 points to 24,138.

Market sentiment improved after officials released ​a statement saying the first session of talks had concluded and progress was made on ​a roadmap to reach a final deal in 60 days.

Earlier, US President Donald Trump had threatened fresh attacks on Iran as ‌Vice President JD Vance met Iranian officials for the first talks under an interim peace deal.

Back home, foreign institutional investors (FII) bought shares worth ₹4,859.07 crore on Friday while domestic institutional investors sold stocks worth ₹1,159.64 crore, as per NSE data.

Buying was visible across board as all the major sector gauges compiled by the National Stock Exchange (NSE) were trading higher led by the NIFTY Oil & Gas index's over 1% gain.

NIFTY IT, Consumer Durables, Realty, Pharma, Private Bank, Auto, Bank and Financial Services indices also rose between 0.2% and 1%.

Broader markets were also witnessing buying interest as NIFTY Midcap 100 and NIFTY Smallcap 100 indices advanced 0.3% each.

Among the individual shares, Kirloskar Oil Engines jumped nearly 20% after it secured a significant order from HyperNext, a next-generation digital infrastructure company focused on delivering hyperscale-ready, AI-enabled data centre solutions. The order comprises 192 MW, 96 units of KOEL's 2500 kVA Optiprime Dual Core power systems, representing one of the largest deployments of high-capacity power systems for hyperscale data centres in India.

Voltas advanced as much as 5.1% to hit an intraday high of ₹1,411.90 after the company said that it sold one million units within the first three months of the current financial year.

Reliance was among the top gainer in the NIFTY50 index, the stock rose as much as 2.7% to hit an intraday high of ₹1,345 after street gave a thumbs up to proposals laid out by the company's management at its 49th annual general meeting on Friday.

Cipla, Tech Mahindra, Tata Motors PV, Bajaj Finance, Eicher Motors, Jio Financial Services and HDFC Life also rose between 0.6% and 2.2%.

On the flip side, Max Healthcare, Adani Enterprises, Adani Ports, InterGlobe Aviation, Titan, Asian Paints and UltraTech Cement were top losers in the NIFTY50 index.

The overall market breadth was extremely positive as 2,072 shares were advancing while 795 were declining on the NSE.