Final Trade: Sensex gains 170 points, Nifty ends at 23,176; HDFC AMC Q3 PAT soars 31%

Indian markets ended Tuesday's session on a positive note, recovering sharply from seven-month lows witnessed in the previous session. Buoyed by gains in banking, auto, and energy stocks, the benchmarks demonstrated resilience amid concerns over a weakening rupee and domestic earnings.

Sensex and Nifty rebound

The BSE Sensex closed at 76,499.63, up 170 points or 0.22 per cent, while the Nifty50 advanced 113.55 points or 0.39 per cent to settle at 23,176. Gains were broad-based, with all major indices, barring IT and FMCG, trading in the green.

Key gainers included Zomato, IndusInd Bank, NTPC, Adani Ports, SBI, and Tata Motors, which rose between two to three per cent. However, IT heavyweights like HCL Tech, HUL, and Tech Mahindra weighed on the market.

Sectoral performance: IT falters, energy surges

The IT sector lagged, with HCL Technologies tumbling 8.43 per cent to Rs 1,821.65 after reporting a muted six per cent growth in consolidated net profit for Q3FY25 at Rs 4,591 crore. Meanwhile, JSW Energy surged over 4 per cent to Rs 540.50 after securing a letter of intent to acquire the Mahanadi thermal plant.

IPO debut: Quadrant Future Tek shines

Quadrant Future Tek shares made a stellar debut, listing at a 29 per cent premium over the issue price. The stock opened at Rs 370 on the NSE and Rs 374 on the BSE, reflecting robust investor interest.

Corporate highlights

• Afcons Infrastructure: Shares climbed 3.5 per cent to Rs 496.70 after bagging the Rs 4,787 crore Pune Ring Road project.
• HDFC AMC: The company reported a strong 31 per cent jump in Q3 PAT to Rs 641 crore, adding to market optimism.

Rupee hits record low

Amid market recovery, the rupee touched a record low against the US dollar, fueling concerns over imported inflation.

With strong corporate results and sectoral resilience, market sentiment remains cautiously optimistic despite global and domestic challenges.