It was the fourth consecutive winning session for the Indian stock market, though indices came off sharply from the day’s highs as investors booked profits following the recent rally, resulting in only modest gains.
The Nifty 50 closed 0.14% higher at 25,108, while the S&P BSE Sensex gained 0.14% to finish at 81,904 points. Broader markets, however, outperformed, with the Nifty Midcap 100 and Nifty Smallcap 100 indices advancing 0.47% and 0.31%, respectively.
Among sectors, Nifty Realty led the gains with a 1.42% surge, followed by Nifty Oil & Gas and Nifty Pharma, both rising 0.50%. The Nifty Auto index also extended its rally, gaining 0.32%, while the Nifty Healthcare index edged up 0.27%.
On the downside, the Nifty Media index was the top laggard, slipping 0.49%, followed by Nifty FMCG and Nifty PSU Bank, which declined 0.40% and 0.39%, respectively.
Meanwhile, US stock futures edged lower on Tuesday as the government shutdown stretched into its seventh day after competing Democrat and Republican funding proposals failed in the Senate.
Still, Wall Street began the week on a strong note, with the S&P 500 and Nasdaq Composite climbing 0.36% and 0.71%, respectively, to new record highs, buoyed by AI-related deal activity and growing expectations of a Federal Reserve rate cut.
(more to come)