Stock market today: Nifty50 ends above 24,600; BSE Sensex up over 300 points

Nifty50 and BSE Sensex, the Indian equity benchmark indices, showed positive momentum

PTOI
2025-08-13

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, showed positive momentum on Wednesday as the Sensex closed up by 304 points, driven by gains in metal, auto and pharmaceutical sectors, following strong US inflation data that sparked a rally across global markets.

The NSE Nifty increased by 131.95 points or 0.54 per cent to reach 24,619.35. The BSE Sensex gained 304.32 points or 0.38 per cent to close at 80,539.91, reaching an intraday high of 80,683.74, up by 448.15 points or 0.55 per cent.

Market experts noted that the domestic market sentiment improved after retail inflation reached an 8-year low of 1.55 per cent in July. Indian equities experienced a broad-based optimism as CPI hit an eight-year low, boosting hopes for a revival in discretionary spending, led by autos and metals. Globally, sentiment improved on the extension of Chinas tariff deadline and easing oil prices.

Despite uncertainties around Trumps trade stance and global risks, Indias growth-inflation dynamics remain favourable for FY26 with risk to marginal downgrade based on tariff updates. India looks forward to the Trump-Putin meet dated August 15th, Vinod Nair, Head of Research, Geojit Investments Limited, said. The top performers among Sensex companies included Bharat Electronics, Eternal, Mahindra & Mahindra, Kotak Mahindra Bank, Tata Motors and Power Grid.

Conversely, Adani Ports, ITC, UltraTech Cement and Titan showed declines.

Government data released on Tuesday revealed that retail inflation decreased to an 8-year low of 1.55 per cent in July, falling within the Reserve Banks target range for the first time since January 2019, supported by moderate food prices.

Asian markets showed strong performance, with gains in South Koreas Kospi, Japans Nikkei 225, Shanghais SSE Composite and Hong Kongs Hang Seng. European markets traded positively.

US markets recorded significant gains on Tuesday.

Brent crude, the global oil benchmark, decreased by 0.36 per cent to USD 65.88 per barrel.

FIIs sold equities worth Rs 3,398.80 crore on Tuesday, as per exchange data. The previous session saw Sensex decline by 368.49 points or 0.46 per cent to 80,235.59, while Nifty fell by 97.65 points or 0.40 per cent to 24,487.40.