In a welcome rebound, India’s key stock indices closed in the green on Tuesday after an early stumble. Sensex settled 173.81 points higher, up 0.21% at 83,450.96, while Nifty advanced 42.65 points or 0.17% to 25,725.40.
Strength permeated across market caps: largecaps held steady, but midcaps and smallcaps posted stronger advances. Nifty Midcap 100 gained 0.37% (224.90 points) to 59,881.70, and Nifty Smallcap 100 rose 0.56% (95.80 points) to 17,146.70. Credit goes to PSU banks for fueling the upward swing.
Positive performers spanned India Defence, IT, FMCG, media, consumer durables, auto, pharma, PSE, healthcare, infra, and services sectors. Metals, commodities, realty, oil & gas, and financial services, however, ended weaker amid selective selling.
Within Sensex constituents, ITC, BEL, L&T, Infosys, Asian Paints, Titan, HCL Tech, Sun Pharma, Indigo, SBI, TCS, Power Grid, and HDFC Bank led the winners’ list. Dragging the index were Eternal, Tata Steel, Trent, M&M, Bajaj Finserv, Bharti Airtel, Axis Bank, Kotak Mahindra Bank, and HUL.
LKP Securities’ Rupak De pointed to Bank Nifty’s impressive showing, sustaining prior day’s momentum above the 50-DMA. The RSI’s bullish tilt suggests accelerating upside potential.
He projects short-term positivity, targeting 62,200, with 60,400 as key support. The session began sluggishly in negative terrain—Sensex down 175 points (0.21%) to 83,098 and Nifty off 78 points (0.31%) to 25,572 at 9:23 AM—before bullish forces prevailed.
This close signals market maturity, with defensive and banking plays providing stability. Investors remain focused on upcoming economic cues that could amplify the momentum.