Sensex Surges 1,397 Points, Nifty Ends Higher Amid US Tariff Developments
The Indian stock market had a strong finish on Tuesday, with both the BSE Sensex and NSE Nifty closing with significant gains of over 1%. Investors closely tracked tariff-related developments in the United States, driving optimism in the market.
The Indian stock market had a strong finish on Tuesday, with both the BSE Sensex and NSE Nifty closing with significant gains of over 1%. Investors closely tracked tariff-related developments in the United States, driving optimism in the market.
The Sensex touched a high of 78,658.59 during the day and closed at 78,583.81, marking a rise of 1,397.07 points, or 1.81% from its previous close. Meanwhile, the Nifty ended at 23,739.25, gaining 387.20 points, or 1.62%. Throughout the trading session, the Nifty traded between 23,762.75 and 23,423.15.
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Adani Ports, Shriram Finance, and Other Stocks Lead the Gains
Among the Nifty 50 constituents, 39 stocks closed in the green. Adani Ports, Shriram Finance, Larsen & Toubro, and Bharat Electronics were among the top performers, with gains reaching up to 5.65%.
On the flip side, stocks like Trent, ITC Hotels, Britannia, Hero MotoCorp, and Nestle India were among the biggest losers, with declines up to 6.44%.
Broader Market Trends Mirror Benchmark Indices
The broader market followed the positive sentiment seen in the benchmark indices. The Nifty Midcap100 index rose by 1.56%, while the Nifty Smallcap100 index gained 1.09%.
Banking and Financial Stocks Lead Sectoral Gains
Sector-wise, banking and financial stocks saw the strongest buying interest. The Nifty PSU Bank and Private Bank indices surged by over 2% each. The Bank Nifty, which tracks the performance of major banking stocks, climbed by 1.93%, closing at 50,157.95.
Other sectors that saw significant gains included financial services and oil marketing companies, with both the Nifty Financial Services and Nifty OMC indices ending more than 2% higher. The Nifty Metal, Pharma, and Healthcare indices also rose by over 1% each.
FMCG Sector Slips Due to Losses in Key Stocks
The only sector that closed in the red was the Nifty FMCG index, which slipped by 0.25%, largely due to losses in key stocks such as Britannia and Nestle India.
Also Read: Tata Chemicals Shares Drop Nearly 4% After Posting Q3 Net Loss
With the US tariff developments driving market sentiment, the Indian stock market ended on a high note, reflecting investor optimism and sectoral strength across banking, financial services, and oil marketing companies.
