Indian Stock Markets Continue Upward Momentum for Second Consecutive Session
India's benchmark stock indices, the BSE Sensex and NSE Nifty, extended their gains for the second straight session on Tuesday, closing higher by nearly 1 per cent. The rally was driven by robust buying activity in metal and automobile shares, coupled with firm cues from global markets.
Key Index Performances and Intraday Movements
The 30-share BSE Sensex rose by 567.99 points, or 0.75 per cent, to settle at 76,070.84. During the trading session, the index had surged as much as 801.41 points, or 1.06 per cent, reaching an intraday high of 76,304.26. Similarly, the broader NSE Nifty advanced by 172.35 points, or 0.74 per cent, closing at 23,581.15.
This positive movement follows a strong performance on Monday, where the Sensex had jumped 938.93 points, or 1.26 per cent, to close at 75,502.85, and the Nifty climbed 257.70 points, or 1.11 per cent, to settle at 23,408.80.
Top Gainers and Losers Across Indices
Nifty50 Top Gainers:
- Eternal (5.68%)
- Tata Steel (4.55%)
- M&M (3.06%)
- HDFC Life (2.61%)
- BEL (2.30%)
- Bharti Airtel (2.14%)
- L&T (2.12%)
- JSW Steel (1.89%)
- Hindalco (1.69%)
Nifty50 Top Losers:
- Wipro (-1.95%)
- Cipla (-1.40%)
- Infosys (-1.36%)
- Tata Consumer (-1.35%)
- ITC (-1.11%)
- Bajaj Finance (-1.09%)
- HUL (-0.81%)
- TCS (-0.73%)
- Adani Ports SEZ (-0.62%)
- HCL Tech (-0.57%)
BSE Sensex Top Gainers:
- Eternal (5.68%)
- Tata Steel (4.55%)
- M&M (3.06%)
- BEL (2.30%)
- Bharti Airtel (2.14%)
- L&T (2.12%)
- Maruti Suzuki (1.69%)
- InterGlobe (1.56%)
- ICICI Bank (1.25%)
- Kotak Bank (1.18%)
BSE Sensex Top Losers:
- Infosys (-1.36%)
- ITC (-1.11%)
- Bajaj Finance (-1.09%)
- HUL (-0.81%)
- TCS (-0.73%)
- Adani Ports SEZ (-0.62%)
- HCL Tech (-0.57%)
- SBI (-0.19%)
- Titan Company (-0.01%)
Global Market Trends and Analyst Insights
In Asian markets, South Korea's Kospi jumped 1.63 per cent, while Hong Kong's Hang Seng index ended marginally higher. However, Japan's Nikkei 225 and Shanghai's SSE Composite closed in negative territory. European markets were trading higher, and the US market had ended in positive territory on Monday.
"Indian equities extended their recovery for a second consecutive session, supported by easing volatility and selective sectoral strength, although underlying caution continues to shape market behaviour. A key positive was the sharp decline in India VIX, which dropped 8 per cent to sub-20 levels," said Hariprasad K, Research Analyst and Founder at Livelong Wealth.
He added that sector-wise, the rebound was led by automobile stocks, with the Nifty Auto index gaining about 2 per cent.
Commodity Prices and Institutional Activity
Meanwhile, Brent crude, the global oil benchmark, rose by 2.44 per cent to USD 102.7 per barrel. On the institutional front, Foreign Institutional Investors (FIIs) sold equities worth Rs 9,365.52 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 12,593.36 crore, according to exchange data.
The sustained gains in Indian stock markets reflect a combination of domestic sectoral strength and supportive global cues, despite ongoing geopolitical tensions and cautious investor sentiment.
