The markets displayed remarkable resilience on Tuesday, bouncing back sharply from their intraday lows to close near session highs, even as Bajaj Finance suffered its steepest single-day fall in months after revising its growth outlook downward.
The BSE Sensex climbed 335.97 points or 0.40 per cent to settle at 83,871.32, while the NSE Nifty 50 gained 120.60 points or 0.47 per cent to close at 25,694.95 after slipping to an intraday low of 25,449 earlier in the session.
Top gainers
Bharat Electronics Ltd. (BEL) led the gains, advancing 2.52 per cent to ₹427.20 on strong institutional buying. Mahindra & Mahindra (M&M) rose 2.40 per cent to ₹3,751.15, supported by robust auto sales momentum. Adani Ports & SEZ added 2.11 per cent to ₹1,474.20, while HCL Technologies climbed 1.89 per cent to ₹1,569.85. Eternal Ltd gained 1.44 per cent to ₹305.75, rounding out the list of top gainers.
Top losers
Bajaj Finance was the biggest loser, plunging 7.38 per cent to ₹1,005.35 after the non-banking finance company cut its assets under management (AUM) growth guidance to 22–23 per cent from 24–25 per cent, and reported higher non-performing assets. Bajaj Finserv declined 6.26 per cent to ₹1,987.75, mirroring the weakness in its parent stock. TMPV slipped 0.75 per cent to ₹407.50, Kotak Mahindra Bank eased 0.30 per cent to ₹2,087.35, and Power Grid fell 0.22 per cent to ₹267.70.
“Though profit grew 22 per cent year-on-year, investors stayed cautious due to rising credit costs and concerns over consumer leverage,” said Abhinav Tiwari, Research Analyst at Bonanza.
The broader indices held firm despite the steep correction in select financial counters, underscoring resilience in the overall market sentiment.