Market at Close | Sensex surges 638 points to 85,567, Nifty settles at 26,172 near day’s high

The equity benchmark indices BSE Sensex and NSE Nifty started the week on a healthy note and ended the session at the day’s high, supported by broad-based buying across sectors on Monday (December 22).

The Sensex rose 638 points to close at 85,567, while the Nifty added 206 points to settle at 26,172, staying above the 26,150 mark. Market breadth remained positive, with 40 Nifty stocks closing in the green and the advance-decline ratio on the NSE at 5:2.

Midcap indices moved in line with frontline benchmarks. The Nifty Midcap index gained 505 points to end at 60,815, reflecting steady participation beyond large-cap stocks. Banking stocks also supported the rally, with the Nifty Bank index rising 235 points to close at 59,304.

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Defence stocks ended the session at the day’s high, emerging as key outperformers. IdeaForge surged 17%, while DCX Systems climbed over 9%, tracking strong buying interest in the segment. IT stocks extended their upward momentum for the fourth straight session, with Persistent Systems, Wipro and Infosys rising over 3% each.

Hindustan Zinc advanced 3% as silver prices hit record highs, lending support to metal stocks. GE Vernova T&D India surged 6% after winning a large HVDC project order from Adani Energy Solutions Ltd (AESL). Shriram Finance extended gains, rising nearly 4% following a positive brokerage note.

Shares of MCX jumped 5% to hit an all-time high amid comments by the SEBI chief on commodity derivatives. Jupiter Wagons climbed nearly 5% after an increase in promoter stake. Fortis Healthcare rose 3% after its arm announced plans for a Rs 840 crore investment to expand a hospital in Bengaluru.

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KEC jumped over 7% after the Delhi High Court stayed Power Grid’s bidding ban on the company. IRCTC gained over 1% after Indian Railways announced a hike in ticket prices by up to ₹10.