Sensex, Nifty jump 1% on global optimism, banks and metals lead broad market rally

Market Overview - Domestic benchmark indices experienced a rally driven by strong global cues and improved investor sentiment, primarily due to rising expectations of a US Federal Reserve rate cut, which has enhanced risk appetite globally [1] - The Sensex rose by 850.49 points (1.01%) to 85,437.50, while the Nifty 50 increased by 272.40 points (1.05%) to 26,157.20, reflecting a mix of short-covering, sector rotation, and supportive technicals [2] Sector Performance - All sectoral indices showed positive movement, with banking and metal stocks leading the gains, while IT, realty, media, and oil & gas sectors also posted increases of over 1% [3][4] - The Nifty Bank index reached a record high of 59,515.30 during the session [3] Stock Performance - Top gainers in the Nifty 50 included JSW Steel, Adani Ports, HDFC Life, Bajaj Finance, Trent, and Bajaj Finserv, while Bharti Airtel was the only stock in negative territory [5] - Heavyweight stocks such as Reliance, MCX, Axis Bank, Canara Bank, and SBI reached their 52-week highs, indicating strong bullish activity [6] Midcap and Smallcap Indices - The midcap index saw gains led by HUDCO, SAIL, Paytm, Dixon Tech, and Suzlon, which rose by 3-4%, while some stocks like M&M Financial and Coromandel International faced declines [7] - In the smallcap segment, Natco Pharma and Reliance Power surged by 6-7%, while other stocks like MRPL and CreditAccess experienced declines of 1-3% [7]