Benchmark index Nifty 50 surged past the 25,000 mark today, while the Sensex rallied, driven by gains on Wall Street and a jump in pharmaceutical stocks after the U.S. passed a bill targeting Chinese biotech firms.

The Nifty rose 104.70 points to 25,041.10, while the Sensex gained 361.75 points to 81,921.29, ending the day on a positive note. The Nifty Midcap 100 Index outperformed, jumping 691.65 points to 59,039.05, and the Nifty Bank added 154.50 points to 51,272.30.

IT stocks rose up to 3%, with HCLTech, LTIMindtree, and Persistent Technologies gaining on positive brokerage calls. Axis Bank gained over 1% following a favourable note from Jefferies.

U.S. legislation banning federal bodies from sourcing from Chinese biotech firms boosted Laurus Labs and Divis Labs, which climbed 3-5%.

Bharti Airtel closed over 2% higher on strong volumes, while HDFC Life and SBI Life were among the top Nifty losers after weak monthly insurance growth data.

Gopal Snacks rose 7% after the GST rate on extruded Namkeen snacks was cut from 18% to 12%. Tata Power gained nearly 7% as it began solar cell production.

Century Textiles increased 5% after acquiring a 10-acre land parcel in Mumbai for Rs 1,100 crore. ITI gained 6% on securing a Rs 300 crore solar street light systems order.

Paytm advanced 4% for the second day, while Ahluwalia Contracts extended gains after securing a Rs 1,300 crore order. Easy Trip rose 2% as it explores acquisitions following a board meeting on 17th September.

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