SENSEX surges 790 points, NIFTY50 ends near 23,700 led by HDFC Bank, Bharti Airtel

The SENSEX ended 790 points higher at 75,399 and NIFTY50 index advanced 277 points to close at 23,690.

Sentiment also got a boost after media reports suggested that US President Donald Trump and his Chinese counterpart Xi Jinping agreed that the Strait of Hormuz must remain open sending crude oil below $105 per barrel.

Back home, buying interest was broad based as all the major sector gauges, barring the measure of IT shares, compiled by the National Stock Exchange (NSE) ended higher led by the NIFTY Pharma index's 2.7% gain. NIFTY Metal, PSU Bank, Private Bank, Bank, Financial Services, Healthcare and Consumer Durables indices also rose between 1% and 2.6%.

Broader markets ended on a mixed note as NIFTY Midcap 100 index advanced 1.12% and NIFTY Smallcap 100 index ended on a flat note.

Among the individual shares, NLC India shares jumped as 18.99%, its biggest single-day move since May 11, 2021, to hit an intraday high of ₹387 after it reported highest-ever power generation in a financial year since inception.

NLC India's net profit in January-March quarter jumped 189% to ₹1,393 crore from ₹482 crore in the same period last year.

The company's revenue from operations advanced 31% annually to ₹5,042 crore compared with ₹3,836 crore in the corresponding period last year.

Kaynes Technology India tumbled as much as 19.44% to hit a three-month low of ₹3,366.10 apiece after its earnings for the fourth quarter of the 2025-26 financial year (Q4 FY26) failed to impress investors.

The company posted a 21.5% year-on-year (YoY) decline in its consolidated net profit to ₹91.2 crore during the quarter under review, compared to ₹116.2 crore in Q4 of the 2024-25 fiscal year (Q4 FY25).

Its revenue from operations, however, surged 26.2% YoY to ₹1,242.64 crore in the March quarter of FY26, as against ₹984.48 crore in the same period of the preceding fiscal year.

Adani Enterprises was top gainer in the NIFTY50 index, the stock advanced 8.85% to close at ₹2,719.

Bharti Airtel advanced 5.24% to close at ₹1,883 a day after it posted a 33.54% year-on-year (YoY) drop in its consolidated net profit to ₹7,325.1 crore.

In the corresponding period of the previous fiscal year, it had logged a profit of ₹11,021.8 crore, according to a regulatory filing.

However, its revenue from operations advanced 15.68% YoY to 55,383.2 crore during the quarter under review, as against ₹47,876.2 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

Eternal, Hindalco, Dr Reddy's Labs, HDFC Bank, Adani Ports and Max Healthcare also rose between 2% and 8%.

On the flip side, Infosys, Tech Mahindra, HCL Technologies, Coal India, Tata Consultancy Services, Hindustan Unilever, Nestle India and Tata Consumer Products were among the notable losers in the NIFTY50 index.

The overall market breadth was positive as 1,725 shares ended higher while 1,540 closed lower on the NSE.