The Indian market ended higher today after a largely rangebound session, with the Nifty closing above the 24,600 mark and broader markets continuing to outperform the benchmarks.
Quick-service restaurant (QSR) stocks witnessed strong buying interest, with Swiggy jumping 9% and Eternal Foods rising over 3%. Bharti Airtel advanced 2% following a positive brokerage note, while HDFC Bank closed 1% higher after SEBI approved the ₹12,500 crore IPO of its subsidiary, HDB Financial Services.
On the downside, AB Fashion slumped more than 10% after block deals worth nearly ₹1,000 crore. Alkem Laboratories and Tata Technologies also declined, while IEX managed to close in the green despite witnessing major block deals.
Shipbuilding and rail-related companies continued to attract buying interest. Garden Reach Shipbuilders climbed 6% and Cochin Shipyard added 3%. Among railway stocks, Ircon, Railtel, and RVNL rallied between 6% and 14%. Reliance Infrastructure soared 11% after the NCLAT suspended an insolvency order passed by the NCLT. PI Industries gained over 4% after its largest customer, Kuimai, raised its outlook.
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