The index had already gained more than 4% on Monday, extending its winning streak. Recruitment platform Naukri emerged as the biggest contributor after its parent company, Info Edge, climbed nearly 13% following its July-June business update, which indicated improving hiring activity. Swiggy and Eternal extended their previous session's gains as healthy order growth in the food delivery and quick commerce segments strengthened investor sentiment. Fintech companies PB Fintech and Paytm also advanced amid continued growth in digital transactions and insurance premium collections.
Market participants remained optimistic about the sector's outlook as analysts maintained a positive view, citing softening interest rates and signs of resilient urban consumption. These factors are expected to support healthy business growth during the upcoming festive season. However, analysts also cautioned that several internet companies continue to trade well below their 52-week highs, while valuations of some recently listed consumer technology firms remain expensive relative to their near-term earnings. As a result, stock-specific volatility may persist even if the broader sector continues its upward trend. Investors are expected to closely monitor profitability trends among loss-making platforms and regulatory developments related to digital lending and quick commerce before increasing exposure during market corrections.
Among individual stocks, Naukri recorded the strongest performance, rising ₹132.80, or 12.95%, to ₹1,157.95 from ₹1,025.15. PW advanced ₹11.00, or 8.14%, to ₹146.10 from ₹135.10, while Swiggy climbed ₹17.82, or 7.17%, to ₹266.19 from ₹248.37. STYL gained ₹17.70, or 5.34%, to ₹349.00 from ₹331.30, and Urban Company rose ₹4.98, or 3.72%, to ₹138.80 from ₹133.82. Eternal added ₹5.90, or 2.08%, to ₹289.30 from ₹283.40, while Paytm increased ₹23.70, or 1.95%, to ₹1,241.90 from ₹1,218.20.
Indiamart advanced ₹32.70, or 1.73%, to ₹1,922.00 from ₹1,889.30. PB Fintech gained ₹22.90, or 1.45%, to ₹1,603.60 from ₹1,580.70, while Justdial rose ₹6.60, or 1.21%, to ₹554.00 from ₹547.40. Nazara Technologies added ₹3.25, or 1.09%, to ₹301.90 from ₹298.65. Nykaa edged up ₹0.70, or 0.22%, to ₹314.20 from ₹313.50. Crizac gained ₹0.57, or 0.29%, to ₹199.80 from ₹199.23, while Meesho rose ₹0.25, or 0.13%, to ₹190.19 from ₹189.94. IIFL Capital Services ended almost unchanged, adding ₹0.05, or 0.01%, to ₹339.00 from ₹338.95.
The sustained rally in the Nifty India Internet Index highlights renewed investor confidence in India's digital economy as improving operating trends, stronger consumer demand, and positive business performance continue to support the sector. Despite concerns over valuations and regulatory developments, market participants remain focused on earnings quality and long-term growth prospects across internet and consumer technology companies.
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