The Indian stock market continued its upward momentum for the fourth consecutive session on Tuesday, with benchmark indices closing higher in a volatile trade. Gains in heavyweight financial, telecom, and consumer durables stocks helped the market maintain its winning streak, though profit-booking in the final hour capped the advances.
The S&P BSE Sensex settled 136.63 points (0.17%) higher at 81,926.75, after paring down from a day's high of 82,309.56. The NSE Nifty 50 also rose 30.65 points (0.12%) to end the day at 25,108.30.
Key Market Highlights
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Sensex: Closed at 81,926.75, up 137 points.
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Nifty 50: Ended the session above the 25,100 mark.
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Market Sentiment: The sentiment was cautiously optimistic, supported by strong domestic institutional investor (DII) buying, which offset the continued selling by Foreign Institutional Investors (FIIs). Volatility was heightened due to the weekly expiry of Nifty derivatives contracts.
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Broader Markets: The broader markets showed strength, with the Nifty Midcap 100 index gaining 0.47%, while the Nifty Smallcap 100 rose by 0.31%.
Top Gainers and Losers
Gains were led by telecom, financial, and tech stocks, while auto and some FMCG names faced selling pressure.
| Top Gainers |
Top Losers |
| Bharti Airtel |
Axis Bank |
| HCL Technologies |
Tata Motors |
| Jio Financial Services |
Trent |
| Eicher Motors |
State Bank of India (SBI) |
| Bajaj Auto |
Infosys |
Sectoral Performance
It was a day of mixed sectoral performance, with realty and oil & gas leading the gains.
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Top Gainers: The Nifty Realty index was the standout performer, rising by 1.09%. The Nifty Oil & Gas, Nifty Pharma, and Nifty Consumer Durables indices also ended in the green.
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Top Losers: The Nifty FMCG, Nifty PSU Bank, Nifty Media, and Nifty Metal indices settled in the red.
Major News and Market Events
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Financials Lead the Rally: The market's advance was primarily driven by heavyweight financial stocks. Strong quarterly business updates and optimism surrounding the RBI's new lending reforms have kept the banking sector in favour. The Bank Nifty rose for the sixth consecutive day.
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FIIs vs DIIs: A key theme has been the divergence in institutional flows. While FIIs have been net sellers, their selling has been more than absorbed by robust buying from DIIs, fueled by strong SIP inflows. On Monday, FIIs sold equities worth ₹313.77 crore, while DIIs made massive net purchases of ₹5,036 crore.
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Vodafone Idea Surges: Shares of Vodafone Idea rallied 9% on hopes of a resolution of its AGR (Adjusted Gross Revenue) dues, with the market keeping an eye on UK Prime Minister Keir Starmer's upcoming visit to India.
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Paytm Gains on New Launch: Paytm shares rose 2.5% after the company launched a new AI-powered soundbox for merchants at the Global Fintech Fest.
Global Market Summary
Global markets were mixed as investors assessed political developments and awaited further cues.
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Global Stocks: Wall Street had closed at record highs, led by the tech sector. However, Asian markets were cautious, and European stocks were muted amid political developments in Japan and France.
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Commodities: Gold continued its record-breaking run, hitting a new high in early Asian trading.
Frequently Asked Questions (FAQs)
Why did the market close higher today?
The market's fourth consecutive day of gains was driven by strong buying in heavyweight financial stocks like HDFC Bank and ICICI Bank, as well as buying by domestic institutional investors. Positive sentiment from the RBI's recent policy and corporate updates ahead of the Q2 earnings season also contributed.
Which sectors were the top performers?
The Nifty Realty, Oil & Gas, and Pharma indices were the top sectoral performers for the day.
What is the trend in institutional investment?
Foreign Institutional Investors (FIIs) have been net sellers, but their selling has been more than offset by strong and consistent buying from Domestic Institutional Investors (DIIs), which has provided a strong cushion to the market.
What is the current global market sentiment?
Global market sentiment is mixed. While U.S. markets have shown strength, political developments in Europe and Asia are causing some caution. Investors are also watching the U.S. government shutdown and its potential impact on economic data releases.