Trent’s 12% jump in quarterly growth lifted its shares 12% amid FIIs trimming net sell‑out to ₹2.96 crore, propelling the Nifty higher by 220 points.
FIIs net sold ₹2,961.30 crore in Indian equities on Tuesday, a sharp moderation from ₹4,699.14 crore the day before, while domestic institutions bought ₹5,088.92 crore. DIIs also bought ₹20,146.40 crore, selling ₹15,057.48 crore.
The market extended gains for a second straight session: Nifty rose 220 points to 22,776, Sensex gained 685 points to 73,068, and Nifty Bank climbed 414 points to 55,128. Midcap index added 638 points to 59,761.
Trent led the gains with a 12% surge after reporting better‑than‑expected quarterly growth; Reliance contributed about 60 points to the Nifty. IT stocks fell nearly 1%, and hospital shares slipped ahead of a Supreme Court hearing, with Max Healthcare as the biggest loser.
Capital market stocks saw buying, with BSE up 4%; Kotak Mahindra Bank rose 4% following strong quarterly updates. Air‑conditioner companies climbed, with PG Electroplast up 8% on demand expectations.
Trent will report Q1 2027 results on June 15, with analysts projecting a modest revenue uptick; market participants will watch closely for guidance as the sector faces tightening margins.