Markets extended their winning streak for the fourth consecutive session on Tuesday, with the closing at 25,108.30, up 30.65 points or 0.12 per cent, while the settled at 81,926.75, gaining 136.63 points or 0.17 per cent. The rally came despite intraday volatility and profit booking at higher levels, as investors tracked the upcoming quarterly earnings season and global developments.
The Nifty opened at 25,085.30 against its previous close of 25,077.65 and touched an intraday high of 25,220.90 before witnessing selling pressure. The Sensex opened at 81,883.95 compared to its previous close of 81,790.12. However, the benchmark indices managed to hold their gains, supported by strong buying in financial services, telecom, and oil & gas stocks.
emerged as the top gainer on the Nifty 50, surging 1.42 per cent to close at ₹310.60 from its previous close of ₹306.25. Bharti Airtel climbed 1.35 per cent to ₹1,928.80 from ₹1,903.10, while HCL Technologies advanced 1.26 per cent to settle at ₹1,435.50 against ₹1,417.70. Bajaj Auto gained 1.23 per cent to close at ₹8,900 from ₹8,792, and Eicher Motors rose 1.13 per cent to ₹6,957.50 from ₹6,880.
On the losing side, Axis Bank witnessed the steepest fall, declining 2.04 per cent to ₹1,188 from its previous close of ₹1,212.80. Tata Motors also fell 2.04 per cent to close at ₹698.10 from ₹712.65. Trent dropped 1.93 per cent to ₹4,685 from ₹4,777.30, while Tata Consumer Products slipped 1.59 per cent to ₹1,123.90 from ₹1,142.10. Hindalco ended 1.25 per cent lower at ₹767 against its previous close of ₹776.70.
Sectoral indices showed mixed performance. Nifty Realty, Oil & Gas, Pharma, Energy, Telecom, and Consumer Durables outperformed, gaining between 0.3 per cent and 2 per cent. The Nifty Financial Services index rose 0.24 per cent to 26,777.30, adding 65.25 points, while Bank Nifty climbed 0.24 per cent to 56,239.35, up 134.50 points. However, Media, FMCG, and Consumer Goods sectors witnessed selling pressure.
The broader market outperformed the benchmark indices. The Nifty Midcap 100 surged 0.47 per cent to close at 58,289.40, gaining 274.30 points, while the Nifty Smallcap 100 advanced 0.31 per cent. The Nifty Next 50 ended at 68,671.20, up 80.95 points or 0.12 per cent.
Out of 4,322 stocks traded, 175 hit their 52-week highs and 130 touched 52-week lows. Five stocks hit the lower circuit, while none reached the upper circuit.
Abhinav Tiwari, Research Analyst at Bonanza, said, “Indian equities closed higher today, continuing their recent uptrend despite noticeable intraday volatility, with the Nifty 50 finishing around the 25,108 mark and the Sensex gaining over 137 points and closing near 81,926 levels. This volatility reflected the ongoing tussle between positive domestic factors and cautious investor sentiment ahead of the quarterly earnings season.”
Nilesh Jain, Head of Technical and Derivatives Research Analyst at Centrum Broking, noted, “The markets maintained their upward momentum for the fourth consecutive session, despite intermittent volatility. The Nifty index climbed to an intraday high of 25,220, encountered some profit booking, but still managed to settle above the 25,100 mark.”
Ponmudi R, CEO of Enrich Money, said, “Indian markets opened on a positive note but lost momentum later in the day after the World Bank projected India’s GDP growth for the current financial year at 6.5 per cent, below the Reserve Bank of India’s 6.8 per cent estimate. The downgrade was attributed to higher-than-expected U.S. tariffs on Indian exports.”
Forex value
On the currency front, the rupee traded slightly higher by 0.06 paise at 88.74 against the US dollar. Jateen Trivedi, VP Research Analyst at LKP Securities, said, “Rupee traded slightly higher by 0.06rs at 88.74, witnessing limited volatility as FII selling eased and crude prices remained soft. However, the rupee continues to hover near lower zones, keeping concerns of further weakness alive, possibly toward 90 levels if sentiment worsens.”
Commodities market
In commodities, gold traded volatile near $3,958. Trivedi added, “Gold traded volatile near $3,958, swinging between $3,980 and $3,940, as traders brace for a heavy data week in the U.S., including the Fed’s meeting minutes, Chair Powell’s speech, and key releases such as unemployment and nonfarm payrolls data. In the domestic market, MCX gold is expected to trade within a broader range of ₹1,18,500–₹1,21,500.”
Looking ahead, analysts expect the market to remain range-bound with stock-specific action. Vatsal Bhuva, Technical Analyst at LKP Securities, said, “After three consecutive confident closings, Nifty faced selling pressure near its resistance zone of 25200–25250 on Tuesday’s session, indicating that bulls might take a pause, leading to a possible short-term consolidation. However, as long as the index sustains above 24900 levels, where its 50-day EMA is placed, the outlook remains positive.”