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Nifty settles above 24,700 in rangebound trade, midcaps outperformThe NSE Nifty 50 index rose 131 points, or 0.53%, to close at 24,751, while the S&P BSE Sensex climbed 444 points, or 0.55%, to end at 81,442. The Nifty Midcap 100 index mirrored the benchmarks, advancing 0.65%, or 378 points, to close at 58,303. The market breadth remained positive, with the advance-decline ratio standing at 3:2 on the NSE.By CNBCTV18June 5, 2025, 3:54:10 PM IST (Published)2 Min ReadThe benchmark equity indices ended higher on Wednesday in a rangebound session, with both benchmark and broader indices posting similar gains as investor sentiment remained firm amid positive brokerage commentary and continued strength in select sectors including defence, real estate, and capital markets.

The NSE Nifty 50 index rose 131 points, or 0.53%, to close at 24,751, while the S&P BSE Sensex climbed 444 points, or 0.55%, to end at 81,442. The Nifty Midcap 100 index mirrored the benchmarks, advancing 0.65%, or 378 points, to close at 58,303. The market breadth remained positive, with the advance-decline ratio standing at 3:2 on the NSE.

The Nifty Bank index underperformed relative to the headline index, ending 84 points higher at 55,761.

Among individual stocks, Eternal rose 5% to finish as the top gainer on the Nifty, extending its upward momentum. Reliance Industries contributed the most to index gains, rising over 1% after receiving a positive brokerage note. Trent Ltd also rose 3%, buoyed by another upbeat analyst report.

Defence-related stocks saw strong interest after reports that NATO is considering raising member defence spending targets to 5% of GDP, sparking a rally across defence names. Bharat Electronics Ltd (BEL) gained 1% after announcing fresh order wins worth over ₹2,300 crore.

Angel One shares surged nearly 5% after the company reported a healthy business update for May. Dr Reddy’s Laboratories rose 3% following an upgrade by HSBC to a ‘Buy’ rating.

In the capital markets segment, CDSL and BSE Ltd emerged as top gainers amid renewed investor interest in exchange and depository stocks.

Real estate stocks continued their upward trend, with DLF Ltd gaining 3% and Godrej Properties adding more than 2% on persistent sectoral buying.

In the commodity-linked space, Hindustan Zinc Ltd surged in the final hour of trade, tracking a sharp move higher in silver prices, which hit a new record high in global markets.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