Tuesday’s trading session in Mumbai ended on an upbeat chord, as the Sensex notched up 173.81 points—a 0.21% gain—to close at 83,450.96. The Nifty mirrored the sentiment, lifting 42.65 points or 0.17% to 25,725.40.
Midcap and smallcap segments stole the spotlight with superior returns. The Nifty Midcap 100 index climbed 224.90 points (0.37%) to 59,881.70, and Nifty Smallcap 100 advanced 95.80 points (0.56%) to 17,146.70. PSU banks played a pivotal role in igniting the broad rally.
Sectors in the green included defence stocks, IT, FMCG, media, consumer durables, autos, pharma, PSE, healthcare, infrastructure, and services. Conversely, metals, commodities, realty, oil & gas, and financial services succumbed to downward pressure.
Sensex gainers featured ITC, BEL, L&T, Infosys, Asian Paints, Titan, HCL Tech, Sun Pharma, IndiGo, SBI, TCS, Power Grid, and HDFC Bank prominently. Among losers: Eternal, Tata Steel, Trent, M&M, Bajaj Finserv, Bharti Airtel, Axis Bank, Kotak Mahindra Bank, and HUL.
Rupak De from LKP Securities emphasized Bank Nifty’s strong hold above 50-DMA, with RSI flashing momentum buildup for a sustained uptrend.
In his view, the near-term trajectory stays bullish toward 62,200, backed by support at 60,400 for any corrections. Early trade saw caution, with Sensex slipping 175 points (0.21%) to 83,098 and Nifty down 78 points (0.31%) to 25,572 by 9:23 AM, only for recovery to take hold.
The session highlights resilient domestic buying interest, positioning markets favorably ahead of global developments.