Sensex Surges Over 1,200 Points as Auto and IT Stocks Rally

Indian stock market surged by nearly 1.6 per cent in afternoon trade on Thursday as heavy buying was seen in auto, energy, private bank, infra, commodity and IT sectors on Nifty.At around 1.39 pm, Sensex was trading at 79,766.88 after rising 1,259.47 points or 1.60 per cent, while Nifty was trading at 24,112.25 after rising 369.35 points or 1.56 per cent.

The market trend continued to be in the green. On the NSE, 1,366 stocks were advancing, while 529 stocks declined.

Nifty Bank was trading at 51,447.05, an increase of 386.45 points or 0.76 per cent. Nifty Midcap 100 index was at 57,740.40 after an increase of 289.50 points or 0.50 per cent. Nifty Smallcap 100 index was at 19,022.65 after an increase of 62.85 points or 0.33 per cent.

The Sensex pack had Bajaj Finserv (NS:BJFS), Bajaj Finance (NS:BJFN), Maruti Suzuki (NS:MRTI), M&M (NS:MAHM), Infosys (NS:INFY), Titan (NS:TITN), UltraTech Cement (NS:ULTC), HCLTech, Kotak Mahindra Bank (NS:KTKM) and IndusInd Bank (NS:INBK) as the major gainers. Only Sun Pharma (NS:SUN) was among the major losers.

The domestic benchmark indices opened flat in morning trade as selling was seen in the PSU bank, pharma, FMCG, realty, media, energy and metal sectors on Nifty.
According to Vaibhav Agrawal, CIO–Alternates (Public equity), MOAMC, broader markets are expected to grow earnings at 12-13 per cent in FY26.

While FII flows are volatile, pickup in corporate earnings in H2 FY25 and expected easing in geopolitical tensions post Trump joining office, may make higher foreign flows into Indian equities than into other emerging economies, says Agrawal.

However, money-making in 2025 is not going to be easy and broad-based like it has been in the last 4 years.

It will be much more stock and sector specific. In that back drop we can think sectors and companies that have exposure to discretionary consumption, energy transition, electronics manufacturing and capital markets sectors may perform relatively better," said Agrawal.