Benchmark stock indices ended higher on Tuesday, marking a second consecutive session of gains as auto and media stocks rose amid improved market sentiment driven by renewed buying from foreign institutional investors (FIIs).
The S&P BSE Sensex climbed 208.17 points to close at 84,273.92, while the NSE Nifty50 added 67.85 points to finish at 25,935.15.
Vinod Nair, Head of Research at Geojit Investments, said equities continued their upward momentum, supported by the US trade deal and positive cues from key Asian markets.
“A strong resurgence in FII inflows, coupled with rupee appreciation, is further bolstering investor sentiment, although intermittent profit-booking was visible across sectors. With tariff-related concerns largely easing, the near-term market trajectory will hinge on Q3 earnings, which have been mixed and below expectations so far,” he said.
Top gainers on the Sensex
Eternal Ltd: +5.19%
Tata Steel Ltd: +2.89%
Mahindra & Mahindra Ltd: +1.79%
Power Grid Corporation of India Ltd: +1.69%
Tech Mahindra Ltd: +1.66%
Top losers on the Sensex
HCL Technologies Ltd: -1.86%
Bajaj Finance Ltd: -1.80%
Bharti Airtel Ltd: -1.36%
Asian Paints Ltd: -0.77%
HDFC Bank Ltd: -0.55%
Gaurav Garg, Research Analyst at Lemonn Markets Desk, noted that the rally was fueled by a combination of positive developments, increased domestic mutual fund participation, and block deal activity.
“On the currency front, the rupee strengthened by 18 paise to close at 90.58 against the US dollar. Overall, the market tone remained constructive, with selective buying in index heavyweights and continued risk-on sentiment,” he added.
