In a display of sectoral strength, India’s stock market concluded Tuesday higher, with auto stocks at the forefront alongside metals. The Sensex notched up 208.17 points or 0.25% to 84,273.92, while Nifty gained 67.85 points or 0.26% to rest at 25,935.15.
Top performers among indices were Nifty Auto (up 1.37%), Nifty Metal (0.81%), Nifty Consumption (0.61%), Nifty India Defence (0.56%), Nifty PSE (0.55%), and Nifty Commodities (0.45%). This surge points to optimism around manufacturing and resource plays.
Weaker spots emerged in Nifty Pharma (-0.36%), Nifty Healthcare (-0.27%), and Nifty PSU Bank (-0.19%). Mid and smallcaps joined the party, with Nifty Midcap 100 climbing 294.75 points (0.49%) to 60,735.90 and Nifty Smallcap 100 rising 65.30 points (0.38%) to 17,451.20.
On the Sensex, standout winners included Eternal, Tata Steel, M&M, Power Grid, Tech Mahindra, NTPC, L&T, TCS, Maruti Suzuki, Axis Bank, HUL, ICICI Bank, Trent, Titan, Sun Pharma, and Bajaj Finserv. Dragging the index were HCL Tech, Bajaj Finance, Bharti Airtel, Asian Paints, HDFC Bank, UltraTech Cement, ITC, SBI, Indigo, and BEL.
SBI Securities’ Sudeep Shah observed a tight 119-point range for Nifty, suggesting short-term consolidation. Resistance looms at 26,050-26,100, with breakout potential to 26,250; support lies at 25,800-25,770.
The session began on a high note with mixed global cues: Sensex at 84,210 (+144.25 points from 84,065.75) and Nifty at 25,922.65 (+55.35 from 25,867.30). As investors rotate into cyclicals, the market’s resilience bodes well for continued momentum.