Indian Stock Markets Rebound: Sensex and Nifty Surge Amid Broad-Based Buying
Indian stock markets witnessed a significant rebound on Tuesday, with Sensex and Nifty gaining over half a percent. The rally was driven by buying in heavyweights like Reliance Industries and HDFC Bank. All major sectoral indices ended in the green, highlighting widespread investor optimism despite recent declines.
- Country:
- India
In a welcome rebound from recent dips, Indian stock markets ended higher on Tuesday, with the BSE Sensex climbing 446.93 points to close at 81,337.95, marking a 0.55% increase. Simultaneously, the Nifty 50 inched up by 140.20 points to 24,821.10, a rise of 0.57%.
Market analysts attributed the upswing to strong performances from heavyweights such as Reliance Industries and HDFC Bank, as well as Adani Ports. Despite some profit-booking in TCS and M&M, all major sectoral indices on the NSE finished in positive territory, reflecting broad-based investor interest. Nifty Realty and Nifty Pharma were notable standouts.
"The mood remains cautiously optimistic," commented Vikram Kasat of PL Capital, noting eyes are on global cues and domestic earnings. Investors saw heightened volatility due to weekly derivative expiry, but the Nifty managed a recovery, surpassing 24,800. The broader market outperformed, with Nifty Midcap 100 and Smallcap 100 indices rising 0.81% and 1.03% respectively, as 360 stocks closed higher in the Nifty 500 universe, underscoring robust market participation.
(With inputs from agencies.)
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