Markets Tick Up as Auto Stocks Drive Gains

The major benchmark indexes were quoted with reasonable gains during mid-day trade on account of improving global trade relations, unabated foreign fund inflows, and also continued buildup of Indias foreign exchange kitty, which was augmented for eighth consecutive week. On the other side, prices of Brent crude also hovered around sub-$60 level during trading activity today.

Nifty were trading above the level of 24,450. Auto stocks moved up after falling during the previous trading session.

At 14:30 IST, the S&P BSE Sensex Index had opened at 80,820.16, having risen by 318.17 points, that is 0.4 percent. Meanwhile the Nifty50 was up by 120.80 points. That was 0.50 percent increase. Closing Nifty50 at 24,467.50.

The breadth of the market was firm. At the BSE, 2,466 stocks gained and 1,476 stocks declined. A total of 192 stocks remained unchanged.

In its official data released this week, the Reserve Bank of India has mentioned that India's forex reserves showed an increase for the eighth consecutive week during the week ending.

RBI states that foreign currency assets (FCAs) increased by USD 2.168 billion to USD 580.663 billion.

A 1.29% uptick in the 10-year Indian Government security yield was witnessed to set a 6.432% closing level from the previous session's closing one of 6.350%.

Shares of Mahindra & Mahindra zoomed 2.67% after the auto major declared a 21.85% increase in standalone net profit from Rs. 2,000.07 crore in Q4 FY24 to Rs. 2,437.14 crore in Q4 FY25.

The stock of Indian Bank smiled upon for a gain of 4.26%, while the consolidated net profit jumped a notable 31.56% to Rs 2,956.07 crore for Q4 FY25 against Rs 2,247.37 crore for Q4 FY24, on the back of a 10.14% rise in total income of Rs 18,599.16 crore for Q4 FY25 as against Rs 16,882.57 crore for Q4 FY24.