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HomeMarket NewsNifty stages sharp recovery in final trading hour, reclaiming 24,600 mark
Reports of Putin’s India visit spurred late-day buying across sectors. The visit gains significance amid rising geopolitical tensions and comes at a time when the United States has imposed additional tariffs on India for continuing crude imports from Russia.
The Nifty 50 ended higher on Thursday after staging a sharp recovery in the final hour of trade, with reports of Russian President Vladimir Putin’s possible visit to India lifting sentiment and helping the Nifty 50 index reclaim the 24,600 mark.
The benchmark NSE Nifty 50 index rose 22 points to close at 24,596, recovering from an intraday low of 24,344. The BSE Sensex gained 79 points to end at 80,623. The broader market outperformed, with the Nifty Midcap 100 climbing 189 points to 56,938 and the Nifty Bank adding 110 points to settle at 55,521.
More than 30 Nifty constituents ended in the green, led by gains in information technology, metals, and auto stocks. Market breadth, which was negative earlier in the day, turned neutral as mid and smallcap shares rallied toward the close.
Reports of Putin’s India visit spurred late-day buying across sectors. The visit gains significance amid rising geopolitical tensions and comes at a time when the United States has imposed additional tariffs on India for continuing crude imports from Russia.
Hero MotoCorp gained 4% after posting in-line quarterly results and outlining a healthy product pipeline. Lupin shares jumped 4% on positive commentary following its Q1 results, while NCC extended Wednesday’s rally, closing 3% higher on a strong outlook. Fortis Healthcare and Blue Star each added over 3% after posting healthy results and maintaining guidance.
Among laggards, Adani Enterprises and Adani Ports dropped 2% each, making them the top Nifty losers. BHEL slumped 5% after reporting a surprise loss in the June quarter, against analyst expectations of a profit. Trent fell 1% despite reporting better-than-expected margins on account of cost controls.
In other notable movers, Bajaj Auto reversed early losses to end nearly 1% higher, helped by positive management commentary. Eternal shares rose 1%, gaining 5% from the day’s lows after nearly 2% of equity changed hands in block deals.
NSDL continued its post-listing surge, hitting a 20% upper circuit and pushing its market capitalisation above ₹22,000 crore.
