Mumbai: The stock market bounced back strongly after two days of losses. The Sensex rose 1,187 points to close at 73,134, while the Nifty gained 348 points to end at 22,679. However, both indices came off their day’s highs, showing some late selling.

Broad-based buying lifts markets

The rally was broad-based, with 25 out of 30 Sensex stocks closing higher. Heavyweights like Reliance Industries, State Bank of India (SBI), and Larsen & Toubro led the gains.

Market breadth remained very strong. On the NSE, advancing stocks outnumbered declining ones by 12:1, indicating widespread buying across sectors.

Midcaps and banks outperform

Broader markets performed even better than the main indices. The Midcap index jumped 1,169 points to close at 53,819, showing strong investor interest beyond large-cap stocks.

The Nifty Bank index also saw strong buying, rising 1,173 points to settle at 51,449, driven by gains in banking stocks.

Key stocks in focus

Several stocks saw sharp moves during the session:

BSE surged 7 percent after the RBI delayed its liquidity tightening plan to July 1, 2026

RateGain Travel Technologies jumped 10 percent after a ‘buy’ rating from Investec

InterGlobe Aviation (IndiGo) gained 6 percent due to lower ATF prices

Sensex Gains 568 Points, Nifty Above 23,550 As Auto, Midcaps Lead Rally

Tenneco Clean Air rose over 2 percent after a ‘buy’ call from Citi

Eternal gained 4 percent after launching Blinkit services at Mumbai Airport Terminal 2.

Garden Reach Shipbuilders & Engineers stood out, soaring 20 percent after reporting record annual revenue of ₹6,400 crore for FY26.

Some stocks see selling pressure

Not all stocks gained. Ashok Leyland fell over 3 percent after its March sales missed expectations.

However, other auto stocks like Eicher Motors, Mahindra & Mahindra, and Maruti Suzuki rose up to 4 percent following their monthly sales updates.