Benchmark equity indices Sensex and Nifty extended their winning streak to a third consecutive session on Tuesday, buoyed by positive global market trends, foreign fund inflows, and easing crude oil prices following a reported peace agreement between the United States and Iran.
Sensex and Nifty Performance
The 30-share BSE Sensex surged 544.15 points, or 0.71%, to close at 76,808.48. During the session, it climbed 582.41 points, or 0.76%, to hit an intraday high of 76,846.74. The NSE Nifty 50 advanced 135.25 points, or 0.57%, to settle at 23,989.15, after touching a high of 24,002.60, gaining 148.7 points, or 0.62%.
With these gains, the Sensex has jumped 2,975.93 points, or 4%, over three sessions, while the Nifty has risen 827.55 points, or 3.57%.
Top Gainers and Losers
- Nifty 50 Top Gainers: HCL Tech (up 3.55%), Tata Consumer (up 2.78%), NTPC (up 2.15%), Bajaj Finserv (up 2.12%), HUL (up 2.04%).
- Nifty 50 Top Losers: Hindalco (down 3.11%), JSW Steel (down 1.72%), HDFC Life (down 1.17%), Apollo Hospital (down 0.93%), Eicher Motors (down 0.84%).
- Sensex Top Gainers: HCL Tech (up 3.55%), NTPC (up 2.15%), Bajaj Finserv (up 2.12%), HUL (up 2.04%), Bajaj Finance (up 1.85%).
- Sensex Top Losers: InterGlobe Aviation (down 0.83%), Maruti Suzuki (down 0.83%), UltraTech Cement (down 0.66%), Tata Steel (down 0.65%), SBI (down 0.55%).
IT Stocks Lead the Rally
IT stocks, select energy companies, and banking shares supported the market rally. Among Sensex companies, HCL Technologies emerged as the biggest gainer, rising 3.59% after announcing a Rs 1,427 crore investment in government-backed AI model developer Sarvam AI for a 10.46% stake. Other major gainers included Bajaj Finserv, NTPC, Hindustan Unilever, Tata Consultancy Services, and Bajaj Finance. On the flip side, InterGlobe Aviation, UltraTech Cement, Maruti, and Tata Steel ended lower.
Sectoral indices reflected broad-based buying, with Realty gaining 2.27%, Focused IT rising 1.72%, IT climbing 1.66%, FMCG increasing 1.12%, Energy advancing 1%, and Oil & Gas moving up 0.85%. Metal, Commodities, and Auto sectors were among the laggards.
Crude Oil Prices Soften After US-Iran Deal
Market sentiment improved after the US and Iran reached an agreement on Sunday to reopen the Strait of Hormuz, a key global energy route. This development eased concerns over disruptions to oil and natural gas shipments, leading to a decline in crude prices. Brent crude, the global oil benchmark, traded 2% lower at $81.45 per barrel.
Vinod Nair, head of research at Geojit Investments Limited, said, “Domestic equity markets continued their recovery momentum, buoyed by growing optimism around a de-escalation in US–Iran tensions and softening crude oil prices. The rally was broad-based, with notable gains in IT, realty, FMCG, and oil & gas sectors.”
Foreign Investors Turn Buyers
Foreign Institutional Investors (FIIs) returning as net buyers also boosted sentiment. Exchange data showed that FIIs purchased Indian equities worth Rs 200.05 crore on a net basis on Monday. Broader markets ended higher, with the BSE MidCap Select index rising 0.64% and the SmallCap Select index gaining 0.59%. A total of 2,368 stocks advanced on the BSE, while 1,886 declined and 153 remained unchanged.
Global Markets Remain Positive
Asian markets showed mixed trends on Tuesday. Japan’s Nikkei 225 and South Korea’s Kospi ended higher, while China’s Shanghai Composite and Hong Kong’s Hang Seng closed in negative territory. European markets were trading higher, while US markets ended Monday’s session in positive territory. The Nasdaq Composite surged 3.07%, the S&P 500 gained 1.65%, and the Dow Jones Industrial Average climbed 0.92%.
The latest rally follows Monday’s strong performance, when the Sensex jumped 736.38 points, or 0.97%, to close at 76,264.33, while the Nifty surged 231 points, or 0.98%, to settle at 23,853.90.
