Sensex ends 700 points down from day's high, but extends rally to 6th day: 10 highlights from Indian stock market today

Stock market today: The Indian benchmark indices — Sensex and Nifty — erased most gains to end nearly 0.15% higher in trade today, thus extending the bull run for Dalal Street to the sixth day in a row.

During intraday deals, Sensex hit the day's high of 85,290.06, gaining 864 points or 1.02%, over its last close. However, by the end of trade, the index had erased most losses amid profit taking at higher levels, and ended just 130.06 points or 0.15% higher at 84,556.40.

Meanwhile, its NSE counterpart, Nifty 50, topped the 26,000 mark to touch a high of 26,104.20 during the day today. But the index finally settled at 25,891.40, up 23 points or 0.09%.

The broader markets underperformed as the BSE Midcap index declined 0.15% and the BSE Smallcap index closed 0.42% lower.

Here are the 10 key highlights from the Indian stock market today:

The optimism around a trade deal between the US and India pushed the benchmark indices almost 1% higher today. According to a Mint report, the US is likely to slash the tariffs on India to 15-16% from 50% currently.

However, profit taking at higher levels and a tepid start for the US stock market weighed on the Indian market mood in the second half of the trading session.

"Domestic equities started on a positive note; however, they pared early gains as investors booked profits following sanctions on Russian oil and the possible postponement of India–US trade negotiations. Meanwhile, IT stocks advanced as sentiment improved after Trump’s softer tone on H1B visas. FIIs are gradually returning to Indian markets, encouraged by expectations of earnings rebound in H2FY26, supported by festive demand, tax benefits and GST reductions. As the undercurrent vibes of the domestic market have improved due to a possible India-US deal and a rise in consumer demand, the broad market is expected to do much better henceforth," said Vinod Nair, Head of Research, Geojit Investments.

Twenty-eight Nifty 50 stocks closed in the green today. IT stocks lead the rally, with Infosys emerging as the top gainer, with a 3.57% rise. It was followed by HCL Technologies, Tata Consultancy Services, Shriram Finance and ONGC, which rose between 1.5% to 2.5%.

More to come…

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