The Indian stock market witnessed a surge today, with the Sensex and Nifty indices posting significant gains, and small and mid-cap stocks also showing positive momentum.

The S&P BSE Sensex closed up by 319.78 points, or 0.39%, at 81,857.48. The NSE Nifty 50 gained 0.51%, closing at 25,175.40. Broader market indices, including the Nifty Midcap 100 and Nifty Smallcap 100, also reflected the positive sentiment. The Nifty Midcap 100 closed at 57,483.65, up 0.59%, while the Nifty Smallcap 100 ended with a gain of 0.41% at 16,419.35.

Several factors contributed to the market's upward trajectory. Positive global cues, coupled with renewed buying interest in banking and financial stocks, fueled the rally. Specific stocks that contributed significantly to the Sensex gains included Axis Bank, Adani Ports SEZ, and Tech Mahindra. Axis Bank was up by 4.60%, Adani Ports SEZ increased by 4.25%, and Tech Mahindra gained 2.59%.

Among the sectoral indices, banking stocks stood out, with the BSE Bankex gaining 1.28%. Other sectors that showed strength included capital goods and IT. However, auto and consumer durables sectors faced some selling pressure.

Small and mid-cap stocks generally mirrored the broader market's positive trend, though some individual stocks experienced declines. Top gainers in the SMID segment included companies like Antelopus Selan Ener, Garnet International and Atvo Enterprises.

Market sentiment was also influenced by global factors, including comments from President Trump at the Davos meeting regarding Greenland and tariffs, which provided some relief to investors. However, concerns persisted due to the rupee's weakness and continued foreign institutional investor (FII) outflows.

Overall, the Indian stock market exhibited a strong performance today, driven by positive global cues, renewed buying interest, and strong sectoral contributions from banking and IT. Investors will continue to monitor global developments, currency movements, and corporate earnings to gauge future market direction.