On Thursday, Indian markets edged higher in a cautious trading session, largely driven by gains in financial stocks.
The S&P BSE Sensex experienced an uptick of 290 points, equivalent to a 0.4% increase, reaching 78,796 as the day began, marking the second consecutive session of growth for 2025. Similarly, the NSE Nifty index advanced by 86 points, also a 0.4% rise, settling at 23,829.
Financial sector stocks were at the forefront of this upward momentum, with notable gains in Kotak Mahindra Bank, Bajaj Finance, and Bajaj FinServ, each climbing between 2% and 3%.
RailTel Corporation saw a significant increase of 6% following the acquisition of a Rs 78.43 crore contract from Bharat Coking Coal.
In other developments, Goa Carbon enjoyed a 6.4% surge after the reopening of its Bilaspur facility in Chhattisgarh. NMDC gained approximately 1% on the back of a reported 5.1% increase in its production for December 2024.
Ambuja Cements experienced a modest rise of 0.5%, gaining traction after securing regulatory approval for its merger with Adani Cementation.
Conversely, Ashoka Metcast declined by 2.2% following the resignation of Dipak Pandit Nikam as the company’s Chief Financial Officer.
Meanwhile, Ugro Capital saw an increase of 1.1% after announcing its decision to acquire shares in Bangalore-based fintech company MyShubhLife.
