Markets extended the morning’s recovery into the afternoon session on Tuesday, with the benchmark indices trading higher around midday, building on the gap-up open triggered by easing geopolitical tensions and a sharp retreat in global crude oil prices.
As of 12.50 pm, the was trading at ₹77,991.20, up ₹425.04 or 0.55 per cent from its previous close of ₹77,566.16, having opened at ₹78,375.73. The stood at 24,195.60, up 167.55 points or 0.70 per cent from Monday’s close of 24,028.05, after opening at 24,280.80. The broader market showed healthy participation, with 2,995 advances against 1,014 declines on the BSE out of 4,184 stocks traded. Fifty-three stocks hit 52-week highs, while 170 touched 52-week lows.
Among sectoral indices, Nifty Auto was the top performer, gaining 2.21 per cent, while Nifty Pharma also contributed to the session’s upside. Nifty Bank added 1.41 per cent to 56,808.45, Nifty Financial Services rose 1.69 per cent to 26,495.25, Nifty Next 50 climbed 1.60 per cent to 67,126.70, Nifty Midcap 100 gained 1.29 per cent to 56,989.20, and Nifty Smallcap 100 advanced 1.72 per cent to 16,409.45. Nifty IT was the session’s laggard, shedding 0.74 per cent.
On the Nifty 50 leaderboard, Shriram Finance led all gainers, surging 6.53 per cent to ₹1,051.70 from a previous close of ₹987.20. InterGlobe Aviation (IndiGo) rose 3.26 per cent to ₹4,375.00 from ₹4,236.70. Dr. Reddy’s Laboratories gained 2.78 per cent to ₹1,322.80 from ₹1,287.00, SBI Life Insurance advanced 2.56 per cent to ₹1,961.50 from ₹1,912.50, and Tata Motors (TMPV) added 2.20 per cent to ₹339.30 from ₹332.00.
On the losing side, Infosys was the biggest drag, falling 2.26 per cent to ₹1,285.30 from ₹1,315.00. Tech Mahindra declined 1.41 per cent to ₹1,317.50 from ₹1,336.30, Tata Consultancy Services shed 1.40 per cent to ₹2,491.90 from ₹2,527.40, Eternal dropped 1.36 per cent to ₹226.43 from ₹229.56, and Reliance Industries fell 1.11 per cent to ₹1,408.20 from ₹1,424.00.
From a technical standpoint, analysts at SBI Securities identified the 24,120–24,150 zone as crucial support for the Nifty, with resistance in the 24,350–24,380 band. A break below 24,100 could drag the index toward the 23,980–23,950 zone, while a sustained move above 24,380 could extend the rally to 24,500. On the options front, significant call writing was observed at the 24,300 and 24,400 strikes, with substantial put open interest at 24,200, followed by 24,100. The Nifty’s Put-Call Ratio stood at 1.1, with the Advance-Decline Ratio at 39:11. On the Sensex, support was pegged at 77,800 and resistance at 78,600.
The session’s breadth remained broadly positive, with 152 stocks in upper circuit and 144 in lower circuit on the BSE, reflecting a mixed but recovering market environment ahead of the second half of trade.