IT stocks led the rally, advancing around 1.3%, powered by favorable U.S. inflation data which kept hopes of a Fed rate cut alive
Small-cap and mid-cap segments also saw strong gains, rising ~1.1%
The market was boosted by higher-than-expected GDP growth of 7.8% for Q1 (April–June)
Sentiment received further uplift from a U.S. court ruling declaring most of former President Trump’s tariffs illegal, though the tariffs remain active until mid-October
Torrent Power jumped ~2.1% on a ₹220 billion contract; PG Electroplast rose ~2.3% after unveiling a ₹10 billion investment plan; Sterlite Technologies dropped ~3.1% due to a $96.5 million fine on its U.S. unit
