Indian stock markets continued their upward momentum on Tuesday, with benchmark indices Sensex in narrow range and Nifty trading in positive territory above 24,000 as investors remained encouraged by easing crude oil prices and supportive global cues.
The market extended gains after a strong rally in the previous session, with investors showing confidence across several sectors. Lower international oil prices remained one of the key drivers behind the positive sentiment. Reports suggesting progress in diplomatic discussions involving the United States and Iran raised expectations of improved oil supply, leading to softer crude prices.
Buying interest was visible across energy, infrastructure and select large-cap stocks. Coal India and ONGC emerged among the leading gainers during the session, supported by sectoral strength and investor optimism. Market participants also kept a close watch on Premier Energies and Suzlon Energy as both stocks remained active in trading.
Meanwhile, some stocks witnessed selling pressure as investors booked profits following recent gains. Bharti Airtel and Sun Pharma were among the major laggards, while weakness was also visible in a few banking and healthcare counters.
Broader markets also reflected strength, indicating that investor participation was not limited to heavyweight stocks alone. Analysts believe the positive trend has been supported by global developments, stable domestic indicators and improving market sentiment.
For India, declining oil prices are viewed positively because the country imports a large share of its fuel requirements. Lower energy costs can reduce inflation pressure, support economic stability and improve the broader market outlook.
Investors are likely to remain cautious despite the ongoing rally. Factors such as geopolitical developments, foreign institutional investor activity and upcoming corporate announcements are expected to influence market direction in the coming sessions.
Market participants will also continue tracking crude oil prices and global economic signals for fresh cues that could shape investor sentiment in the days ahead.