Benchmark equity indices remained firmly in positive territory during the afternoon session on Tuesday, sustaining early gains after staging a sharp rebound from the previous session’s steep decline. The recovery mirrored strength in Asian markets after US President Donald Trump said the Middle East war could be “over soon,” easing concerns over prolonged supply disruptions and dragging crude oil prices lower.
BSE surged nearly 960 points from the previous close in early trade, while the 50 rallied 276 points. At 12.58 pm, the Sensex was trading 552.72 points or 0.71 per cent higher at 78,118.88. The Nifty 50 gained 194.90 points or 0.81 per cent to trade at 24,222.95.
Broader markets outperformed the benchmarks, with the smallcap index rising around 2 per cent, outpacing the midcap pack. The Nifty Midcap 100 advanced over 1 per cent.
Sectorally, most indices traded in the green, except IT and oil & gas counters. Consumer durables, banking and financial services, auto and realty indices climbed up to 2 per cent, reflecting broad-based buying interest. However, the Nifty IT index declined more than 1 per cent, weighing on overall gains.
Nifty 50 movers
Among Nifty 50 constituents, Shriram Finance, InterGlobe Aviation, Dr. Reddy’s Laboratories, UltraTech Cement, and Eicher Motors emerged as the top gainers. On the downside, Infosys, Tata Consultancy Services, Eternal, Tech Mahindra, and were among the major laggards.
A total of 3,180 stocks were traded on the National Stock Exchange, with market sentiment remaining largely positive. Advancing stocks significantly outnumbered declining ones, with 2,498 stocks registering gains compared to 585 that declined, while 97 stocks remained unchanged.
25 stocks touched their 52-week highs, whereas 117 stocks touched their 52-week lows. In addition, 63 stocks hit the upper circuit and 55 stocks hit the lower circuit.
Midcap and smallcap movers
In the midcap segment, , Coromandel International, Glenmark Pharmaceuticals, Mahindra & Mahindra Financial Services, BSE Ltd, and Union Bank of India rallied between 4 and 6 per cent. In contrast, KEI Industries, Polycab India, Coforge, Swiggy, and Bharat Forge declined between 1 and 7 per cent.
Smallcap counters witnessed strong buying interest, with Redington India, Tejas Networks, CG Power and Industrial Solutions, and IKS Health climbing 6 to 14 per cent. However, Atul Auto, Ramco Cements, Data Patterns, and Aditya Birla Real Estate slipped up to 2 per cent.