Mumbai: The Indian stock market closed in positive territory on Tuesday, buoyed by the India-European Union trade deal. The Sensex gained 319.78 points, or 0.39%, to settle at 81,857.48, while the Nifty rose 126.75 points, or 0.51%, to close at 25,175.40.
The rally was led by metal and banking stocks, with several sectoral indices posting notable gains. Nifty Metal surged 3.07%, Nifty PSU Bank increased by 1.76%, Nifty Commodities advanced 1.70%, Nifty India Defence rose 1.53%, Nifty PSE gained 1.21%, and Nifty Financial Services went up 0.88%.
On the other hand, some sectors saw declines. Nifty Media dropped 1.44%, Nifty Auto fell 0.93%, Nifty FMCG slipped 0.60%, and Nifty Consumer Durables declined 0.59%.
Along with large-cap stocks, midcap and smallcap shares also showed strength. The Nifty Midcap 100 index gained 338 points, or 0.59%, to close at 57,483.65, while the Nifty Smallcap 100 index rose 66.60 points, or 0.41%, to finish at 16,419.35.
Among Sensex constituents, gainers included Adani Ports, Axis Bank, Tata Steel, Tech Mahindra, NTPC, SBI, UltraTech Cement, BEL, ICICI Bank, IndiGo, L&T, HDFC Bank, Trent, Infosys, and HCL Technologies. Meanwhile, losers were M&M, Kotak Mahindra Bank, Asian Paints, Eicher Motors, Maruti Suzuki, ITC, Bajaj Finserv, Bajaj Finance, Titan, HUL, and Bharti Airtel.
Market experts noted that although the session experienced volatility, the India-EU trade deal played a key role in boosting market sentiment. However, concerns about increased competition led to declines in auto and beverage stocks.
Looking ahead, investors will closely watch the upcoming US Federal Reserve interest rate decisions and the Union Budget, as these will influence the market’s future direction.
The market opened on a mixed note, with the 30-stock BSE Sensex falling 100.91 points to 81,436.79, while the Nifty opened slightly higher by 14.70 points at 25,063.35 before facing selling pressure soon after.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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