Sensex Rises 583 Points as Tata Capital Issue Gains 38% | Stock Market Today

Indian stock markets ended Monday on a strong note, with benchmarks rising as investors responded positively to gains in the financial and IT sectors.

The BSE Sensex climbed 582.95 points (0.72%), closing at 81,790.12, while the Nifty 50 at the NSE rose 183.40 points (0.74%) to 25,077.65.

Market Performance

The rally was driven primarily by large-cap financial and IT stocks. Key market stats:

• Advancing Shares: 1,715
• Declining Shares: 2,370
• Unchanged Stocks: 154

Sector highlights:

• Gainers: Nifty IT, Nifty Private Bank
• Losers: Nifty Media, Nifty Metal
• Midcap & Smallcap Indices: Ended in green, though gains were selective

The broader market participation was present but modest. The Advance/Decline ratio suggested that the rally was supported by major large-cap names rather than uniform buying across all sectors.

Tata Capital Issue Sees Strong Response

Meanwhile, Tata Capital Ltd (TCL), the flagship financial services arm of the Tata Group, drew significant investor interest.

• Issue Subscription: Around 38% at the time of reporting
• Company Type: Third-largest diversified NBFC in India
• Total Gross Loans (June 25): ₹2.3 trillion

Tata Capital’s omni-channel model blends a strong physical presence with digital scale, catering to a diverse customer base.

Key customer segments:

• Retail & SME customers: Constitute 87.5% of Total Gross Loan Book
• Other segments: Remaining 12.5% of loan portfolio

The strong subscription indicates healthy investor confidence in the NBFC sector and Tata Capital’s robust presence.

Summary

Monday’s trading session reflected a market lifted by selective sectoral gains, primarily in financials and IT. The Sensex rising over 580 points underscored sustained momentum, while the Tata Capital issue highlighted the continuing investor appetite for established NBFCs.

The combination of solid corporate fundamentals, strategic lending operations, and selective sector leadership contributed to the market’s positive sentiment and the strong response to Tata Capital’s issue.