Indian equity markets extended their winning streak for the fifth session on Tuesday as investor sentiment remained positive amid a combination of domestic and global factors. The Nifty 50 ended the day at twenty-four thousand eight hundred sixty-nine points, climbing ninety-five points or approximately zero point three nine percent. Similarly, the Sensex rose three hundred fourteen points, also a gain of zero point three nine percent, closing at eighty-one thousand one hundred one points. Markets stayed close to their intra-day highs, reflecting sustained buying interest.
The banking sector, represented by the Nifty Bank index, was relatively muted, ending the day twenty-nine points higher at fifty-four thousand two hundred sixteen. Small and midcap stocks showed mixed performance in line with the broader market trends. The BSE Midcap index fell by ninety points to close at forty-five thousand six hundred ninety-eight, while the BSE Smallcap index declined by one hundred fifteen points to fifty-three thousand twenty-five point fifty-eight.
Market experts noted that domestic equities were supported by positive global cues, including expectations of an interest rate cut by the United States Federal Reserve and other favorable macroeconomic indicators. IT stocks, in particular, saw a notable rebound, driven by the buyback announcement from Infosys, which reignited investor interest in the sector. Conversely, auto stocks faced some selling pressure due to profit booking after recent gains, particularly following the GST rationalization news. Analysts suggest that while optimism may continue in the short term, the market is likely to remain range-bound given ongoing uncertainties in global trade negotiations and other external factors.
During the trading session, a total of three thousand one hundred six stocks were active on the exchanges. Among these, one thousand four hundred eighty-six advanced, one thousand five hundred fourteen declined, and one hundred six remained unchanged. Investors witnessed strong movements in individual stocks, with one hundred eight stocks hitting fresh fifty-two-week highs, demonstrating confidence in select sectors and companies, while forty-three stocks recorded new fifty-two-week lows, reflecting sector-specific pressures.
Infosys emerged as the top gainer among Nifty 50 constituents, closing nearly five percent higher on strong investor response to its corporate announcements. Other notable performers included Dr Reddy’s Laboratories, Wipro, Adani Ports, and Tech Mahindra, all of which contributed to the overall positive momentum in the market. On the other hand, stocks such as Trent, Eternal, Ultratech Cement, Jio Financial, and IndusInd Bank witnessed selling pressure and ended the session in the red, reflecting sectoral rotation and profit-taking by investors.
Overall, the market’s continued upward trajectory underscores investor optimism, supported by favorable corporate developments, easing interest rates, and improving macroeconomic conditions. However, participants are advised to remain cautious given valuations in certain sectors and potential volatility arising from global economic developments.
Investors looking for timely updates and in-depth market insights can follow You Finance on Instagram and Facebook. Stay informed with expert analysis, sector trends, and actionable information to navigate the markets effectively and make informed investment decisions.
