Market wrap: NIFTY50 & SENSEX maintain winning streak; Tata Steel, Power Grid and Kotak Bank among top gainers

Indian equity benchmarks managed to close higher on Friday, ahead of Q2FY26 earnings to kick start from next week. After making a slightly negative start, soon indices hovered near the neutral lines amid continued selling by foreign institutional investors (FIIs). However, markets turned positive and extended their gains in the final hour of trade, as some support came from Finance Minister Nirmala Sitharaman’s statement that India's capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation.

The SENSEX ended at 81207.17, up by 223.86 points or 0.28% after trading in a range of 80649.57 and 81251.99. 14 stocks were advancing against 16 stocks declining on the index.

The broader indices ended in green; the BSE Mid-cap index was up by 0.78%, while the Small-cap index was up by 1.09%.

The gaining sectoral indices on the BSE were Metal up by 1.85%, Industrials up by 1.28%, Telecom up by 1.16%, Consumer Durables up by 1.15% and Basic Materials up by 1.12%, while Healthcare down by 0.09% and Realty down by 0.09% were the only losing indices on the BSE.

The NIFTY ended at 24894.25, up by 57.95 points or 0.23% after trading in a range of 24747.55 and 24904.80. 26 stocks were advancing against 24 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 3.40%, Power Grid Corp up by 3.22%, Hindalco up by 1.88%, Axis Bank up by 1.85% and Kotak Mahindra Bank up by 1.80%. On the flip side, Max Healthcare Institute down by 3.95%, Coal India down by 1.33%, Eicher Motors down by 1.15%, Tech Mahindra down by 1.09% and Maruti Suzuki down by 1.00% were the top losers.

On September 19, the firm bagged a purchase order worth ₹450 crore for the supply of Tyrone AI GPU Accelerated Systems from “one of the largest Indian-headquartered global providers of technology distribution and integrated supply chain solutions”