On Tuesday, the Indian stock market indices closed at record highs, driven primarily by significant gains in Maruti Suzuki shares. Here are the key details:
- The **S&P BSE Sensex** gained 391.26 points to close at **80,351.64**.
- The **NSE Nifty50** added 117.30 points to close at **24,437.85**.
Maruti Suzuki, a major contributor to the day's gains, saw its shares surge over 6%, trading at Rs 12,807 by 3:52 PM.
According to Aditya Gaggar, Director of Progressive Shares, the day witnessed divergence in trading behavior: while mid and small-cap stocks remained rangebound, major buying activity was concentrated in index stocks, particularly in the auto sector. This propelled the Nifty50 to settle at another record level of 24,433.20, marking a gain of 112.65 points.
Here’s a breakdown of the top gainers and losers on the Nifty50:
- **Top Gainers**: Maruti Suzuki (+6.71%), M&M (+2.72%), ITC (+2.07%), Sun Pharma (+2.02%), Titan (+1.84%).
- **Top Losers**: Tata Consumer Products (-0.76%), ONGC (-0.75%), Reliance (-0.72%), Shriram Finance (-0.58%), Bajaj Finance (-0.33%).
Sector-wise performance:
- **Nifty Bank**: Increased by 0.27%.
- **Nifty Auto**: Rose by 2.23%.
- **Nifty Financial Services**: Gained 0.32%.
- **Nifty FMCG**: Grew by 0.97%.
- **Nifty IT**: Declined by 0.20%.
- **Nifty Media**: Increased by 0.36%.
- **Nifty Metal**: Saw a minimal increase of 0.05%.
- **Nifty Pharma**: Climbed by 1.57%.
- **Nifty PSU Bank**: Surged by 1.28%.
- **Nifty Private Bank**: Edged up by 0.12%.
- **Nifty Realty**: Rose by 1.14%.
Looking ahead, Aditya Gaggar highlighted that the index has broken through its previous high convincingly, indicating potential for further upward movement towards the 24,520-24,600 zone, with strong support at 24,340.
In broader market indices:
- **Nifty Midcap100**: Increased by 0.33%.
- **Nifty Smallcap100**: Rose by 0.26%.
- **Market Volatility**: Saw a rise of 3.38%.
This session's performance underscores bullish sentiment in key sectors, buoyed by specific stock movements and sectoral dynamics.
