Nifty ends higher lifted by gains in Reliance, auto stocks, midcaps
Published on 19/08/2025 03:52 PM
Nifty ends higher lifted by gains in Reliance, auto stocks, midcapsThe NSE Nifty 50 rose 104 points, or 0.42%, to 24,981, while the S&P BSE Sensex gained 371 points, or 0.46%, to 81,644. The Nifty Bank index added 130 points to 55,865.By Poonam Behura August 19, 2025, 3:52:10 PM IST (Published)2 Min ReadThe stock market closed higher on Tuesday, lifted by Reliance Industries, auto makers and broader markets, though the Nifty failed to sustain the 25,000 mark for a second straight session.
The NSE Nifty 50 rose 104 points, or 0.42%, to 24,981, while the S&P BSE Sensex gained 371 points, or 0.46%, to 81,644. The Nifty Bank index added 130 points to 55,865.
Broader markets sharply outperformed, with the Nifty Midcap 100 climbing 551 points to 57,665. Market breadth was positive, with the advance-decline ratio at 5:2.
Reliance Industries was the top contributor to Nifty gains, advancing 3% after reports that its telecom arm Jio could benefit from potential tariff hikes. Autos also rallied after reports suggested China may lift curbs on rare-earth magnet exports, aiding global supply chains. Tata Motors, Bajaj Auto, Hero MotoCorp, Samvardhana Motherson and Sona BLW were among the top gainers.
New-age stocks extended their recent run, with Eternal and Paytm leading the pack, while textile stocks surged after the government scrapped import duties on cotton. Raymond jumped 11%.
PNB Housing rose 4% after exiting the futures and options ban list, while Jayaswal Neco gained 10% on strong volumes. FMCG and consumer durables advanced 2-3% on hopes of GST rate cuts.
Among laggards, Glenmark Pharmaceuticals reversed all gains made after announcing a cancer drug deal last month. GAIL added 1% after sources said the regulator PNGRB could approve tariff revisions in September. Astral and Supreme Industries rose 2-4% after the Directorate General of Trade Remedies recommended anti-dumping duties on PVC resin imports.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsNifty 50 Closeshare market today