Indian Stock Market Rebounds with Strong Gains on Tuesday
Indian equity benchmarks snapped their recent losing streak on Tuesday, closing higher amid positive global cues and gains in heavyweight stocks. The BSE Sensex climbed 397.74 points, or 0.49 per cent, to settle at 82,307.37, while the NSE Nifty rose 132.40 points, or 0.53 per cent, to close at 25,289.90.
Key Market Movements and Performance
The 50-share NSE Nifty appreciated by 278.25 points, or 1.10 per cent, during the intraday session, hitting a high of 25,435.75 before paring some gains. This upward movement was supported by improved investor sentiment following positive developments in global markets and easing geopolitical concerns.
Among the top gainers in the Nifty50 index:
- Dr Reddy's Laboratories (5.22%)
- Bharat Electronics Ltd (3.64%)
- Adani Enterprises (2.67%)
- Adani Ports SEZ (2.59%)
- Tata Steel (2.55%)
- Tata Motors PV (2.38%)
- Coal India Ltd (2.21%)
- Bajaj Auto (2.09%)
- Shriram Finance (1.98%)
- State Bank of India (1.92%)
Notable losers in the Nifty50 included:
- Eternal (-2.69%)
- SBI Life Insurance (-1.63%)
- Titan Company (-1.49%)
- Eicher Motors (-1.28%)
- Max Healthcare (-0.54%)
Sensex Constituents Show Mixed Performance
Among the 30 Sensex constituents, several stocks contributed significantly to the index's gains. Key performers included:
- Adani Ports SEZ (2.59%)
- Tata Steel (2.55%)
- State Bank of India (1.92%)
- Nestle India (1.78%)
- Bajaj Finserv (1.70%)
- Asian Paints (1.61%)
- Power Grid Corporation (1.35%)
- Sun Pharmaceuticals (1.33%)
- HCL Technologies (1.23%)
- NTPC (1.11%)
On the losing side, Eternal (-2.69%), Titan Company (-1.49%), IndusInd Bank (-0.52%), ICICI Bank (-0.26%), HDFC Bank (-0.18%), Reliance Industries (-0.15%), and Maruti Suzuki (-0.04%) were among the laggards.
Expert Analysis and Market Sentiment
Market analysts attributed the positive momentum to multiple factors. "Sentiment improved following US President Donald Trump's withdrawal of tariff threats against the EU and his optimistic remarks on a potential India-US trade deal, which encouraged short-covering and risk-taking," said Gaurav Garg, Research Analyst at Lemonn Markets Desk.
Vinod Nair, Head of Research at Geojit Investments Ltd, provided additional perspective: "The initial set of corporate earnings did little to support current valuation levels. Nevertheless, investors have not ruled out the potential upside from a robust domestic demand environment, which could become more visible in the upcoming round of quarterly earnings announcements."
Global Market Context and Future Outlook
Asian markets showed positive momentum, with Japan's Nikkei 225, Shanghai's SSE Composite, South Korea's Kospi, and Hong Kong's Hang Seng indices all closing higher. European markets were trading higher in mid-session deals, while US equities had ended higher on Wednesday.
Looking ahead, market participants will closely monitor key economic indicators. "Markets will closely monitor U.S. GDP growth and core inflation data later today, as well as the Bank of Japan policy decision due tomorrow, for further cues," Nair added.
The recovery in Indian markets comes after a period of consolidation and reflects renewed investor confidence amid improving global economic conditions and domestic economic resilience.
