The Indian stock market rebounded strongly on Tuesday, with benchmark indices climbing approximately 0.4% after closing in the red in the previous session. According to The Economic Times, the Sensex surged over 200 points to cross 77,000, reaching 77,005, while the Nifty 50 rose around 86 points to near 24,000. The positive momentum was broad-based, with broader market indices including Nifty Midcap 100 and Nifty Smallcap 100 gaining up to 0.3% in morning trade. India VIX, which measures market volatility, declined over 1% to 13.47, indicating reduced uncertainty in the market. Around 1,525 stocks advanced on NSE, while 741 declined and 122 remained unchanged, showing strong participation across the market spectrum.
The market showed mixed sectoral performance with clear winners and losers based on commodity price movements and broader market dynamics. According to The Economic Times, Nifty Oil & Gas gained 0.45% while Nifty PSU Bank index rose 0.40%, while Nifty Metal index declined nearly 0.3%. Maruti Suzuki shares jumped around 3% to lead gains on Sensex, while Sun Pharma and Adani Ports shares gained over 1% each. In contrast, Infosys, Hindustan Unilever, NTPC, Kotak Mahindra Bank and Axis Bank shares were trading in the red with marginal losses. The rally was supported by strong buying in select sectors such as auto, FMCG and realty, with Nifty Auto gaining more than 2%, FMCG rising around 0.7% and Realty advancing nearly 0.3%, as noted by Liquide. The broader market also witnessed weakness, with the Nifty Midcap 100 and Nifty Smallcap 100 each declining around 0.5%, and the BSE advance-decline ratio slipped to 0.65, signalling a clear tilt toward declining stocks.
Several individual stocks showed strong performance despite overall market volatility and profit booking ahead of the weekend. According to The Economic Times, Maruti Suzuki shares jumped around 3% to lead gains on Sensex, while Sun Pharma and Adani Ports shares gained over 1% each. Bucking the trend, Infosys, Hindustan Unilever, NTPC, Kotak Mahindra Bank and Axis Bank shares were trading in the red with marginal losses. Oracle Financial Services Software extended its winning streak and delivered nearly 15% returns this week. India's oil import bill, which surged 70% year-on-year to $35.5 billion on the back of the recent crude spike, remained an overhang even as prices cooled. The fall in oil prices helped improve investor sentiment, as lower crude reduces pressure on inflation, current account deficit, fuel costs and input costs for several sectors.
Despite the volatility and selling pressure in the second half of trade, benchmark indices managed to finish higher, demonstrating underlying market resilience. According to The Economic Times, the Nifty held the crucial 24,000 mark and the Sensex ended with gains of over 200 points, crossing the 77,000 level. On a weekly basis, the Nifty posted its third consecutive week of gains, though the advance was a modest 0.14%. The Indian rupee appreciated for the second consecutive session, gaining around 25–28 paise to close near 94.39–94.40 against the dollar, supported by easing geopolitical tensions, softer crude, and likely RBI intervention. Market sentiment also improved as the rupee strengthened on the back of lower crude oil prices and improved foreign inflow expectations, with firm Asian market cues further boosting confidence in early trade, as reported by Liquide. Technically, the Nifty continues to face a wall near the 24,200 zone, with analysts noting that a clean breakout above 24,200 could open the door to 24,400–24,500, though this move will need a fresh catalyst.
