Infosys gains on Anthropic collaboration; Sensex, Nifty close higher for second session

The equity benchmark indices BSE Sensex and NSE Nifty ended higher for the second straight session on Tuesday, with all major indices closing in the green. The Sensex rose 174 points to close at 83,451, while the Nifty gained 43 points to settle at 25,725, ending above the 25,700 mark. L&T, Infosys, ITC, SBI and Adani Ports were the top contributors to the Nifty’s gains.

The Nifty Bank index advanced 225 points to 61,174, while the Midcap index climbed 159 points to end at 59,882. Broader markets outperformed the benchmarks, with market breadth favouring advances. The NSE advance-decline ratio stood at 3:2.

PSU banks extended yesterday’s gains and rose over 2% in today’s trade. IT stocks remained volatile, tracking developments around artificial intelligence. Infosys rose nearly 2% following its collaboration with Anthropic.

Among individual stocks, Delhivery gained 4% after announcing an EV partnership with RIDEV to deploy 150 electric vehicles. Ola Electric dropped 3% after Citi downgraded the company to ‘Sell’ and cut its target price to ₹27 per share from ₹55 per share.

KNR Construction surged 6% after the company said it bagged an order worth ₹2,163 crore in Chennai. Kama Holdings said it will sell a 3% stake in SRF. Shares of Kama Holdings jumped 4%, while SRF slipped 4%. Newgen Software snapped a five-day losing streak and jumped 15% in today’s trade. KFin Tech gained 2% following a positive brokerage note.

From the Sensex basket, Adani Enterprises Ltd, ITC Ltd, Bharat Electronics Ltd, Infosys Ltd, Larsen & Toubro Ltd and Asian Paints Ltd were the major gainers. Hindalco Industries Ltd, Trent Ltd, Tata Steel Ltd, Shriram Finance Ltd, Reliance Industries Ltd and Mahindra & Mahindra Ltd were the biggest laggards.