Nifty50-Climb-on-Buying-in-Blue-ChipsPharma Boosts Market Mood: Dr Reddy’s Soars, Sensex and Nifty50 Close Higher 

 

The Indian stock market opened on a muted note today but quickly gained strength by midday. Major buying in shares of key players like Eternal, Adani Ports, Power Grid, Reliance Industries, Mahindra & Mahindra (M&M), and HDFC Bank boosted investor sentiment and pushed benchmark indices higher. 

 

Sensex and Nifty Turn Positive 

 

By 12:10 PM, the BSE Sensex surged 669.81 points or 0.83%, trading around 81,668. The Nifty50 also gained 196 points, up 0.8%, reaching 24,116. 

Both indices showed strong recovery from early hesitation. The market found support in heavyweight stocks and positive cues from select sectors. Improved domestic investor sentiment and corporate activity helped drive the indices upward. 

 

Broader Markets Also in the Green 

 

The broader markets followed the positive trend. The Nifty MidCap index rose 0.67%, while the Nifty SmallCap index outperformed with a 0.97% gain. This signals that investor confidence is not just limited to blue-chip stocks but also includes mid and small-cap companies. 

Market participants actively bought into broader segments, expecting strong returns amid stable economic signals and growth optimism. 

 

Sectoral Performance: Pharma, Realty, and IT Lead

 

The Nifty Pharma, Realty, and IT indices each gained over 1%, leading the sectoral rally. These sectors benefited from fresh buying and strong individual stock performances. 

The Nifty Oil & Gas index also moved higher by 0.9%, showing interest in energy stocks. 

On the downside, the Nifty PSU Bank index slipped 0.18%, making it the only major sector trading in the red. 

 

Key Stock Highlights 

 

Dr Reddy’s Laboratories Jumps on Biosimilar Deal 

Dr Reddy’s Laboratories shares climbed over 3% in today’s session. The rally came after the company announced a significant agreement with Alvotech, a global biotech firm. 

The deal will allow Dr Reddy’s and Alvotech to co-develop, manufacture, and commercialize a biosimilar version of Keytruda® (pembrolizumab), a widely used cancer immunotherapy. The agreement aims to serve global markets and adds to Dr Reddy’s growing biosimilar portfolio. 

This development has excited investors, as biosimilars represent a large growth opportunity in the pharmaceutical space. Analysts see this move as a strategic step to boost the company’s long-term revenues. 

 

Reliance Infra Falls on Profit Booking Despite NCLAT Relief 

 

In contrast, Reliance Infrastructure stock dropped 3.5% today. The decline happened after the company received relief from the National Company Law Appellate Tribunal (NCLAT). 

The NCLAT suspended insolvency proceedings against Reliance Infra after it cleared dues worth ₹92.68 crore to Dhursar Solar Power Pvt Ltd (DSPPL). Despite this positive legal outcome, investors chose to book profits, which led to a decline in the stock price. 

Market experts believe this reaction is temporary and mostly due to the recent rally in the stock. The debt clearance and legal relief could support long-term performance. 

 

Top Contributors to Index Gains 

 

Heavyweight stocks like Reliance Industries, Power Grid, HDFC Bank, Adani Ports, and M&M played a major role in lifting the indices. 

Reliance Industries continued its upward trend on the back of steady business operations and strong energy sector outlook. 

Power Grid attracted buying interest with its robust fundamentals and expectations of increased infrastructure spending. 

Adani Ports gained as investor sentiment remained positive around logistics and shipping demand. 

M&M moved higher on auto sector optimism and rural demand recovery. 

HDFC Bank added strength to banking counters due to its stable financials and retail loan growth. 

These stocks added crucial points to the Sensex and Nifty, keeping the market momentum alive. 

 

Foreign and Domestic Investor Activity 

 

Analysts believe that both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) remained active in today’s session. DIIs, in particular, seem to be supporting the markets by buying into dips. 

FIIs, who had been cautious recently, are gradually returning amid clarity in interest rate outlook and stable global cues. This combined activity helped support overall market strength. 

 

Global Market Trends Support Sentiment 

 

Global markets also stayed firm, helping boost local investor confidence. Asian indices traded positively, and early signals from European markets were encouraging. 

Investors feel more comfortable as global central banks indicate a pause in interest rate hikes. This has led to stronger risk appetite and higher flows into equity markets. 

 

Rupee and Crude Oil Update 

 

The Indian Rupee traded flat against the US Dollar, showing stability amid a calm foreign exchange market. Meanwhile, crude oil prices remained steady, which is positive news for India as a major oil importer. 

Lower or stable oil prices help manage inflation and reduce pressure on corporate margins, especially in sectors like transport, chemicals, and manufacturing. 

 

What Should Investors Watch Next 

 

Looking ahead, investors will keep an eye on: 

US jobs data and economic indicators 

RBI commentary or policy signals 

Monsoon updates, which can impact the rural economy and agro-linked sectors 

Corporate announcements, especially in pharma, infra, and auto sectors 

While markets are optimistic today, experts suggest a balanced approach. Short-term corrections are normal after sharp rallies. Investors should stick with fundamentally strong companies and diversify their portfolios. 

 

Markets Remain Resilient 

 

Today turned out to be a positive session for Indian markets, with benchmark indices recovering from a slow start. Driven by gains in pharma, IT, realty, and energy sectors, as well as strong performances by large-cap names, both Sensex and Nifty stayed firm through midday. 

Buzz around corporate deals and improving investor sentiment has set a positive tone. As long as global and domestic cues remain favorable, the Indian stock market could continue to see upward momentum in the days ahead. However, it remains important to stay informed and cautious while making investment decisions.