Indian equity markets ended Tuesday’s session on a strong note, with benchmark indices posting solid gains amid broad-based buying, led primarily by IT and select heavyweight stocks.
Markets Close Firm After Volatile Start
The BSE Sensex settled at 74,616.58, rising 509.73 points or 0.69%, after recovering from a weak opening and witnessing consistent buying through the day. Similarly, the Nifty 50 closed at 23,123.65, up 155.40 points or 0.68%, reclaiming the crucial 23,000 level.
Both indices traded in a wide range during the session, reflecting early caution followed by renewed investor confidence.
IT Stocks Drive the Rally
The rally was largely powered by gains in the IT sector. Stocks like Tata Consultancy Services, Infosys, and HCL Technologies surged over 2.5%, tracking positive global cues.
Telecom and pharma stocks also supported the upward momentum, with Bharti Airtel and Sun Pharmaceutical Industries among the key contributors.
Additional support came from FMCG and diversified stocks such as Hindustan Unilever and ITC Limited.
Select Heavyweights Cap Gains
Despite the overall positive trend, some major stocks limited the upside. Reliance Industries ended marginally lower, while State Bank of India, Larsen & Toubro, and Titan Company also closed in the red.
Broader Markets and Sectoral Trends
Broader markets underperformed the benchmarks, with midcap and smallcap indices ending lower, indicating cautious sentiment among investors.
Sectorally, auto and banking stocks lagged, while metals and media stocks showed relative strength.
Global Cues and Market Sentiment
Investor sentiment remained influenced by geopolitical developments, particularly tensions in the Middle East involving Donald Trump and Iran, along with rising crude oil prices.
Asian markets traded mixed, while Wall Street indices ended higher overnight, offering some support to domestic equities. Meanwhile, Brent crude hovered above $110 per barrel amid concerns over potential supply disruptions.
Outlook
Despite intraday volatility, the strong closing suggests resilience in the market, with investors selectively accumulating quality stocks. However, global uncertainties and commodity price movements are likely to keep markets volatile in the near term.