Markets traded in positive territory on Tuesday, with the Sensex rising over 50 points and the Nifty holding comfortably above the 24,100 mark. The market recovered from a weak start as buying in banking, auto and infrastructure stocks helped offset losses in the information technology sector.
The BSE Sensex was up by more than 50 points in morning trade, while the NSE Nifty hovered above the crucial 24,100 level. Investors remained cautious but selective, picking stocks from sectors expected to benefit from improving domestic economic conditions and easing global concerns.
Among the top gainers on the Sensex pack were Mahindra & Mahindra (M&M), Adani Ports, State Bank of India (SBI), Larsen & Toubro (L&T) and UltraTech Cement. These stocks attracted buying interest as investors looked beyond short-term market volatility.
On the losing side, technology stocks remained under pressure. Tata Consultancy Services (TCS), Infosys, HCLTech, Tech Mahindra and Wipro were among the biggest laggards, reflecting continued profit-booking in the IT space after recent gains.
Market sentiment received support from softer crude oil prices and easing worries over geopolitical tensions in the Middle East. Lower oil prices are generally viewed as positive for India, as they help reduce inflationary pressures and improve the country’s import bill.
Broader markets also showed resilience, with several mid-cap and small-cap stocks witnessing buying interest.
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