Benchmark stock indices Sensex and Nifty ended trading on a strong note on Tuesday, continuing the rally from the previous trading session. The Sensex strongly reclaimed the 75k mark driven by widespread buying and a bullish trend in global equities.
The BSE Sensex closed the session above 75,300, soaring high by more than 1,100 points, while the NSE Nifty50 settled for the day at 22,834, climbing over 300 points or 1.45 per cent. This marked the second consecutive strong ending for the markets.
On the 30-share Sensex platform, Zomato, ICICI Bank, M&M, Tata Motors, and L&T closed the day in green. Meanwhile, the only laggards in the session included Bajaj Finserv, Bharti Airtel, Tech M, and Reliance.
In the broader markets, the Nifty Microcap 250 dominated the session and ended over 3 per cent higher. Sectorally, the Media and Realty indices climbed high and closed 3.62 per cent and 3.16 per cent higher respectively.
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Global Markets, Forex, And Oil Prices
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the positive territory. Meanwhile, stock markets in Europe traded in green, and US markets ended higher on Monday.
The foreign institutional investors (FIIs) dumped Indian equities worth Rs 4,488.45 crore on Monday, while domestic institutional investors (DIIs) infused Rs 6,000.60 crore, official exchange data showed. The global oil benchmark, Brent crude, gained 1.48 per cent to reach $72.12 per barrel.
The Indian rupee appreciated for the third straight session and gained 26 paise to close at 86.55 (provisional) against the US dollar on Tuesday, driven by positive conditions in the domestic market and weakness of the American currency in the overseas market.
Vinod Nair, Head of Research, Geojit Financial Services, explained that the robust recovery in domestic markets was driven by positive global trends and domestic tailwinds. “Improved retail sales data from the US and China boosted investor confidence while mid and small-cap stocks outperformed, with all major sectors registering gains. The anticipated rebound in domestic earnings, along with a recent decline in the dollar index and lower crude prices, is expected to support this recovery. However, continued FII outflows, driven by higher risk-free rates and the appeal of markets like China, along with tariff uncertainties, keep investors cautious during this phase,” he cautioned.
