Equity benchmarks continued to trade firmly higher during Tuesday’s mid-market session, tracking strength in global markets amid easing geopolitical concerns. Investor sentiment improved following a fragile relief rally overseas after US President Donald Trump postponed military action targeting Iran’s power infrastructure, easing fears of a deeper energy supply shock.
BSE Sensex surged 1,577 points, while the Nifty 50 advanced 485 points from their respective previous closes in intraday trade, supported by broad-based buying across sectors.
At 12.43 pm, Sensex rallied 1522.53 points or 2.09 per cent to 74,218.92, and Nifty 50 climbed 451.85 points or 2.01 per cent to 22,964.50.
Broader markets outperformed the benchmarks, with midcap and smallcap indices climbing more than 2 per cent each. All sectoral indices traded in positive territory, led by automobile, information technology and financial stocks, which gained between 2 and 2.5 per cent.
Coal India & Power Grid top Nifty 50 losers
Among the Nifty 50 constituents, Shriram Finance, InterGlobe Aviation, Eternal, Apollo Hospitals Enterprise and Eicher Motors emerged as the top gainers. On the other hand, Power Grid Corporation of India and SBI Life Insurance Company were the only notable laggards.
A total of 3,233 stocks were traded on the National Stock Exchange at the time of writing, with market breadth remaining firmly positive as 2,527 stocks advanced compared with 606 declines, while 100 remained unchanged. Momentum was visible across counters, with 11 stocks touching their 52-week highs, whereas 329 stocks slipped to their 52-week lows.
In the broader market activity, 51 stocks were locked in the upper circuit limit, while 75 stocks hit their lower circuit bands.
Midcap & smallcap movers
In the midcap segment, stocks such as Vishal Mega Mart, Tube Investments of India, GMR Airports, Hindustan Petroleum Corporation, One 97 Communications and Oil India rallied between 4 and 6 per cent. However, Bharti Hexacom, Muthoot Finance, Aurobindo Pharma and Indraprastha Gas traded lower.
Smallcap stocks also witnessed strong buying interest. BLS International Services, JBM Auto, Tejas Networks, HBL Engineering and Data Patterns India rallied between 5 and 13 per cent. In contrast, Castrol India, Aegis Vopak, Trident and Cholamandalam Investment and Finance Company declined 1 to 3 per cent.