Benchmark stock market indices closed higher on Tuesday, supported by positive global cues and robust Q4 results from India Inc. FMCG and banking stocks were the biggest gainers.
The S&P BSE Sensex jumped 753.03 points to close at 79,273.33, while the NSE Nifty50 gained 211.75 points to end at 24,576.60.
Vinod Nair, Head of Research, Geojit Investments Limited, said that amid hopes for progress in Iran–U.S. peace talks and supportive global cues, India’s equity markets rebounded strongly.
“FMCG and realty stocks led the rally, backed by solid earnings updates, while banking stocks gained after the RBI eased forex restrictions. Small caps outperformed broader indices,” he added.
After the closing bell, Trent Ltd led the Sensex gainers, rising 3.55%. It was followed by Hindustan Unilever Ltd, which gained 3.13%. ICICI Bank Ltd moved up 2.41%, while Bajaj Finance Ltd added 2.28%. HDFC Bank Ltd also ended higher, rising 2.04%.
On the losing side, Bharat Electronics Ltd saw the sharpest fall, dropping 1.33%. Titan Company Ltd declined 0.88%, Reliance Industries Ltd was down 0.66%, NTPC Ltd slipped 0.45%, and Power Grid Corporation of India Ltd fell 0.39% at the close.
“In the near term, investors are expected to remain focused on corporate earnings, which are tracking in line with expectations, while monitoring developments in the U.S.–Iran conflict and trends in the rupee and crude oil prices, where signals remain positive,” said Nair.
