Indian equities wrapped up Tuesday on a buoyant note, propelled by sharp purchases in automobile and metal counters. The BSE Sensex added 208.17 points (0.25%) to close at 84,273.92, and NSE Nifty rose 67.85 points (0.26%) to 25,935.15, marking a solid end to the trading day.
Leading the charge were sectoral indices like Nifty Auto (+1.37%), Nifty Metal (+0.81%), Nifty Consumption (+0.61%), Nifty India Defence (+0.56%), Nifty PSE (+0.55%), and Nifty Commodities (+0.45%). These sectors benefited from renewed investor appetite, possibly fueled by expectations of economic recovery and commodity price stability.
Laggards included Nifty Pharma (-0.36%), Nifty Healthcare (-0.27%), and Nifty PSU Bank (-0.19%), where caution prevailed. The rally extended beyond largecaps, with Nifty Midcap 100 up 0.49% at 60,735.90 (294.75 points) and Nifty Smallcap 100 advancing 0.38% to 17,451.20 (65.30 points).
Sensex gainers featured 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. Losers were HCL Tech, Bajaj Finance, Bharti Airtel, Asian Paints, HDFC Bank, UltraTech Cement, ITC, SBI, Indigo, and BEL.
According to Sudeep Shah from SBI Securities, the Nifty’s 119-point trading range indicates market indecision for now. He advises watching resistance at 26,050-26,100, beyond which targets of 26,250 could be in play, with support at 25,800-25,770.
Kicking off positively despite mixed international signals, Sensex opened at 84,210 (up 144.25 points) and Nifty at 25,922.65 (up 55.35 points). Today’s action highlights rotational buying, with autos stealing the show, and could pave the way for broader upside if key levels hold.