Domestic stock markets — Sensex and Nifty — rose for the second day in a row on Tuesday, helped by strong
gains in major companies like Bharat Electronics (BEL), Adani Ports, and Mahindra & Mahindra (M&M). These
gains balanced the losses seen in Bajaj Finance and Bajaj Finserv.
At the end of the day, the Sensex went up by 335.97 points (0.40%) to close at 83,871.32, continuing its
two-day rise of 655 points. The Nifty50 also increased by 120.60 points (0.47%) to end at 25,694.95.
BEL was the top gainer on the Sensex, rising 2.52% to ₹427.20. M&M followed with a 2.40% jump, while Adani
Ports, HCL Technologies, Eternal, and Infosys gained between 1% and 2%. The main contributors to the Sensex’s
rise were HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, and M&M.
Among sector indices, the BSE Auto index went up 1% to 60,541.78, and the BSE IT index rose 1.07% to 35,341.65.
Out of 4,363 actively traded stocks on the BSE, 1,958 ended higher, 2,225 fell, and 180 remained unchanged.
During the session, 110 stocks hit their 52-week highs, while 172 touched 52-week lows.
Vinod Nair, Head of Research at Geojit Investments Limited, said the market started weak due to worries about
the Delhi explosion. However, it recovered strongly and closed at the day’s high, helped by positive global
signals after the U.S. Senate passed a bill to end the longest-ever federal shutdown.
He added that the ongoing Q2 results season is almost over and is expected to finish on a positive note, supported
by better performance across the broader market.
“The rally was supported by gains in IT, auto, metal, and FMCG sectors,” Nair said. “Investors are now waiting for
the next inflation data, expecting lower food prices to help the RBI consider more policy rate cuts. In the coming
quarter, earnings could see strong growth due to domestic factors, though much will depend on the final outcome of
a trade deal with the U.S.”