Benchmark equity indices Sensex and Nifty continued their upward momentum for the third consecutive session on Tuesday, according to reports from PTI. The 30-share BSE Sensex gained 544.15 points, or 0.71 per cent, to close at 76,809.48, while during the session it climbed 582.41 points, or 0.76 per cent, to hit an intraday high of 76,846.74. The NSE Nifty 50 rose 135.25 points, or 0.57 per cent, to settle at 23,989.15, touching a high of 24,002.60 during the day, gaining 148.7 points, or 0.62 per cent. With Tuesday's gains, the Sensex has surged 2,975.93 points, or 4 per cent, over three consecutive sessions, while the Nifty has advanced 827.55 points, or 3.57 per cent. The surge was driven by optimism surrounding a potential Iran-US peace deal framework, with broader markets also experiencing gains as Nifty Midcap 100 and Nifty Smallcap 100 indices gained 0.4% each. India VIX, which measures volatility in markets, tumbled 7% to 13.40, indicating reduced market uncertainty. Brent crude oil prices also fell 2% to USD 81.45 per barrel, boosting investor sentiment further. Gift Nifty was trading around 24,032 level, a premium of nearly 31 points from the Nifty futures' previous close, indicating a flat-to-positive start for Wednesday's session.
HCL Technologies shares were the top gainers on Sensex, jumping around 4% after the company announced an investment of ₹1,427.25 crore in Axonwise Private Limited (Sarvam AI). According to The Times of India, NTPC, Hindustan Unilever (HUL), Bajaj Finserv, Tech Mahindra, Bajaj Finance, Reliance Industries (RIL) and Tata Consultancy Services (TCS) shares gained around 2% each. HCL Tech emerged as the top performer among Nifty50 constituents, gaining ₹39.70 to close at ₹1,159, representing a 3.55 per cent increase. Tata Consumer followed with a 2.78 per cent gain, rising ₹30.50 to ₹1,131. NTPC secured the third position with a 2.15 per cent rise of ₹7.45 to ₹355.55, while Bajaj Finserv gained ₹37.10 to ₹1,787, up 2.12 per cent. HUL advanced ₹43.80 to ₹2,200, posting a 2.04 per cent increase, and ONGC rose ₹4.55 to ₹248.20, up 1.87 per cent. Bajaj Finance gained ₹17.40 to ₹959.65, rising 1.85 per cent, and TCS increased ₹37.00 to ₹2,199, up 1.72 per cent. RIL advanced ₹21.80 to ₹1,329, gaining 1.67 per cent, while Coal India Ltd rose ₹6.90 to ₹450.95, up 1.56 per cent.
Bucking the trend, Maruti Suzuki, UltraTech Cement, IndiGo and Tata Steel shares tumbled nearly 1% each. As reported by The Times of India, Hindalco led the losers, declining ₹31.50 to ₹982.40, down 3.11 per cent. JSW Steel followed with a 1.72 per cent decline, falling ₹22.21 to ₹1,274. HDFC Life dropped ₹6.81 to ₹574.40, down 1.17 per cent, while Apollo Hospital declined ₹78.00 to ₹8,391, falling 0.93 per cent. Eicher Motors dropped ₹64.00 to ₹7,561, down 0.84 per cent, and InterGlobe fell ₹40.40 to ₹4,840, declining 0.83 per cent. Maruti Suzuki declined ₹114.00 to ₹13,691, down 0.83 per cent, while Grasim Industries fell ₹24.20 to ₹3,140, declining 0.77 per cent. Tata Motors PV dropped ₹2.80 to ₹393.60, down 0.71 per cent, and UltraTech Cement fell ₹75.00 to ₹11,391, declining 0.66 per cent.
Nifty Realty jumped more than 2% to emerge as the top sectoral gainer, while Nifty IT, meanwhile, gained nearly 2%, with IT stocks leading the gains. Nifty FMCG and Nifty Consumer Durables gained over 1% each. The market breadth was broadly positive, with 1,956 stocks advancing on the NSE while 1,356 declined and 104 remained unchanged. The Nifty Metal index tumbled 1.5%, bucking the broader positive trend. According to reports from PTI, the positive momentum was helped by positive global market trends, foreign fund inflows and easing crude oil prices after the reported peace deal between the US and Iran. Sensex top gainers included HCL Tech, NTPC, Bajaj Finserv, HUL, Bajaj Finance, TCS, RIL, Tech Mahindra, ITC, and Titan Company. Sensex top losers were InterGlobe, Maruti Suzuki, UltraTech Cement, Tata Steel, SBI, BEL, Sun Pharma, Power Grid, Axis Bank, and Trent. Foreign Institutional Investors (FIIs) turned buyers on Monday, purchasing equities worth ₹200.05 crore on net basis, according to exchange data. Vinod Nair, Head of Research, Geojit Investments Limited, noted that domestic equity markets continued their recovery momentum, buoyed by growing optimism around a de-escalation in US-Iran tensions and softening crude oil prices.
