Post-Market Report: Bulls Charge Ahead as Banking and Realty Lead Four-Day Winning Streak**

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Market Performance Today

The domestic benchmarks started the week on a firm note, tracking positive cues from Asian peers and a steady close on Wall Street. The S&P BSE Sensex jumped 521.16 points, or 0.67%, to finish at 78,285.07. Similarly, the NSE Nifty 50 rose by 159.50 points, or 0.66%, to settle at 24,430.35. The indices remained in the green for the entirety of the session, supported by consistent buying in heavyweights.

Top Movers (Sectors and Stocks)

The rally was largely driven by the banking, auto, and realty sectors, while the IT and media segments faced some selling pressure.

• Top Gainers: HDFC Bank led the pack with a 3.70% gain following a robust quarterly update. Other major gainers included Hindalco Industries (+2.45%), Mahindra & Mahindra (+2.10%), ONGC (+1.99%), and Bajaj Auto (+1.95%).
• Top Losers: Kotak Mahindra Bank was the biggest laggard, dropping 3.45% due to moderating loan growth. IT majors also struggled, with TCS (-1.46%), Wipro (-1.29%), and Infosys (-1.12%) ending in the red.
• Sectoral Highlights: Nifty Realty was the standout performer, surging 2%. Nifty Auto and Nifty Consumer Durables also posted healthy gains of 1.34% and 1.45%, respectively. Conversely, Nifty Media and Nifty IT declined by 1% and 0.56%.

Key Drivers of Today's Market

Several factors contributed to the optimistic mood on Dalal Street:

• Quarterly Business Updates: Positive pre-earnings updates from major players like HDFC Bank and Bandhan Bank (which surged nearly 6%) provided confidence regarding credit growth and asset quality.
• Cooling Oil Prices: Brent crude fell below the $72 per barrel mark as OPEC+ increased production targets and geopolitical tensions in the Middle East showed signs of stabilizing.
• FII Inflows: Renewed interest from Foreign Institutional Investors (FIIs), who turned net buyers in the previous session, provided the necessary liquidity to sustain the upward move.
• Global Cues: A stable environment in Asian markets and the absence of fresh negative triggers from the US (which was closed for Independence Day on Friday) allowed domestic bulls to maintain control.

Broader Market Performance

While the frontline indices recorded significant gains, the broader market also participated in the rally, though with slightly less intensity.

• The Nifty Smallcap 100 index outperformed the midcaps, gaining 0.70%.
• The Nifty Midcap 100 index rose by 0.40%.
• Market breadth remained somewhat balanced on the BSE, though the overall sentiment favored buyers as investors scouted for value in the mid-cap and small-cap segments ahead of the Q1 earnings season.

TAGS: Post-Market, Stock Market, Nifty, Sensex, Market Analysis

Tags: ** Post-Market Stock Market Nifty Sensex Market Analysis