Mumbai, June 22: Indian equity markets closed higher on the day, driven by strong gains in IT and pharmaceutical stocks, which boosted overall investor sentiment.
Benchmark indices BSE Sensex and NSE Nifty 50 ended in positive territory as buying activity strengthened across select sectors. IT stocks led the rally, supported by expectations of steady global demand and resilient earnings prospects, while pharmaceutical stocks also witnessed sustained investor interest.
Market participants noted that optimism in export-oriented and defensive sectors helped offset volatility in broader markets, contributing to the upward movement in indices.
Analysts suggest that continued momentum in IT and pharma segments may support near-term market stability, though global economic cues and institutional flows will remain key drivers of future direction.
