Equity markets bounced back sharply on Tuesday, as the BSE Sensex surged 640 points to close at around 78,206, while the Nifty50 climbed over 230 points to settle above 24,250, reversing some of the losses from the previous session. Analysts said the rally was fueled by a combination of lower crude prices, a stronger rupee, and improving risk appetite.
Leading the rally were auto and consumer goods stocks. Mahindra & Mahindra, Maruti Suzuki, and Asian Paints were among the top gainers, along with IndiGo, ICICI Bank, and Axis Bank, which saw healthy buying interest. In contrast, IT heavyweights Infosys, Reliance Industries, and Tata Consultancy Services remained under pressure, limiting the overall upside.
“The market is responding to easing energy costs and reduced inflation concerns,” said a market analyst. “Investors are rotating funds into cyclical sectors such as autos, FMCG, and banking, while selective selling in IT continues.”
Global developments also played a key role in the rebound. Strengthening international equities and calmer crude markets provided much-needed support, encouraging traders to return to Dalal Street.
The bounce comes after a rough patch on Monday, when the Sensex had tumbled over 1,300 points, dragged down by high oil prices and geopolitical concerns. The reversal highlights how sensitive Indian markets are to energy costs and global volatility, but also their resilience when positive cues emerge.
Trading volumes were robust across sectors, indicating broad participation, particularly in value and cyclical stocks. Investors will continue monitoring crude price trends, foreign fund flows, and global market cues in the coming sessions to gauge whether the recovery can sustain.
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