Markets extend gains: Sensex up 480 points, Nifty crosses 24,500 mark led by IT, auto

Investor sentiment continued to be upbeat as Indian benchmark indices extended their gains in today's trading session. Sensex was at 80,289.16, up by 479.51 points or 0.60%, while Nifty reclaims the 24,500 mark, standing at 24,595.65, up by 168.80 (points or 0.69%.

Leading charge on the bourses are auto companies; Bajaj Auto , Mahindra and Mahindra , Hero Motocorp , and Tata Motors , along with Trent trailing right behind. Bajaj Auto was up by 4.13%, M&M by 2.96%, Hero Motocorp by 2.80% and Tata Motors was up by 2.65%.

Bajaj Auto’s share price rose after the two-wheeler manufacture declared its sales numbers in an exchange filing. The company saw a 5% rise year-on-year (YoY) in total units sold total, with 4,17,616 units sold in August, as compared to 3,97,804 units a year ago.

The auto company sold 3,41,887 units in the two-wheeler category in August 2025, as compared to 3,35,178 a year ago, up by 2% YoY. While exports soared by 25% YoY, domestic sales dipped by 2%. The company sold 75,729 units in the commercial vehicles segment, as against last year’s 62,626 units, up by 21%. Its exports were up by a steep 58% at 27,440 units, opposed to 17,420 units a year ago. Domestic sales were up by 7%.

Top 5 losers were Sun Pharmaceuticals (-2.06%), ITC (-1.03%), Titan Company (-0.28%), SBI Life Insurance (-0.30%), and HDFC Bank (-0.14%).

Mahindra and Mahindra saw buying activity, reflecting return of positive investor sentiment after its share price fell by 6% in the span of three sessions last week.

Meanwhile, the Nifty Auto sectoral index saw an uptick by 2.5%, with Tube Investments of India leading the pack. The company saw its share price rise by nearly 5%, with Bajaj Auto and M&M trailing right behind. All the auto companies making up the auto index too were trading in the green.

Amongst other sectoral indices, Nifty IT and Nifty Metal too outshined their peers, swinging upwards by 1.40% and 1.35%, respectively. Mphasis led the IT pack, recording an uptick by 4.70%, with Coforge and Persistent Systems trailing behind. At the time of reporting, Infosys was trading at ₹1,500.70, up 2.13% from its previous close on the NSE, while TCS was at ₹3,113.20, up 0.9%.

Positive market sentiment was driven by India’s strong FY2026Q1 GDP growth, which boosted investor confidence, while expectations around the upcoming GST Council meeting added to the optimism. Auto stocks rose as sentiments were pinned on Prime Minister Narendra Modi meeting China’s President Xi Jinping during his two-day trip to Tianjin, with talks about fair trade agreements and rare metals in discussion.