Despite the geopolitical tensions stemming from Operation Sindoor, Indian equity markets closed in the green on Tuesday, showcasing the resilience of investor sentiment on Dalal Street. Both benchmark indices managed modest gains after a volatile session:
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BSE Sensex rose 105.71 points to close at 80,746.78
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NSE Nifty50 climbed 34.80 points to 24,414.40
Markets opened weak due to jitters from India’s precision strikes on terror camps in Pakistan and PoK, but recovered steadily, helped by:
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Sustained foreign institutional investor (FII) inflows
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Optimism surrounding the recently concluded Free Trade Agreement (FTA) with the UK, which buoyed sectors like automobiles and finance
Sector & Stock Highlights:
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Top gainers on the Nifty50:
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Tata Motors
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Jio Financial Services
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Bajaj Finance
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Shriram Finance
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Eternal
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Top losers:
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Asian Paints
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Sun Pharma
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Bajaj Auto
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ITC
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Grasim
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Auto stocks led sectoral performance with over 1% gains, thanks to FTA tailwinds. Real estate also performed well, while FMCG and Pharma lagged due to risk-off sentiment.
Technical Outlook:
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Support for Nifty50 held firm at 24,250
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Resistance remains at 24,500 — a breakout beyond this range may set the next market direction
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Midcap and Smallcap indices outperformed, rising more than 1%, suggesting broad-based market strength
Analysts believe that while short-term caution is warranted due to ongoing Indo-Pak tensions, the market’s ability to absorb shocks and focus on structural positives (like FTA, liquidity) is encouraging. However, the next few sessions could remain volatile and stock-specific.
