FMCG stocks spearheaded the market surge, with DLF up 4.1%, V-Guard up 8%, and Birlasoft jumping 12% after their Q2 earnings, lifting the Nifty by 1.05% to 22,937.
PSU banks gave the Nifty Bank index a boost, pushing it 642 points higher to 54,910; the rally was reinforced by a recent policy stimulus that widened the sector’s upside.
Real estate shares rebounded sharply in the final hour, with DLF leading the rally and the Nifty Midcap index rising 567 points to 57,842, reflecting a late‑session recovery across the segment.
Equitas SFB’s shares surged 20% after CEO P.N. Vasudevan announced his resignation, while Hero MotoCorp fell 4% and Hexaware slid 6% amid a cut in EBITDA guidance; RR Kabel also dropped 4% after shrinking volume forecasts.
With both indices at session highs, traders are now eyeing upcoming earnings and RBI policy expectations, which could inject volatility ahead of the next quarterly cycle.