Indian benchmark indices rose for the third consecutive session on Tuesday. The Sensex closed at 544 points , while the Nifty 50 ended near the 24,000 mark. Easing tensions between the US and Iran and softer crude oil prices supported investor sentiment.
The market’s gains were broad-based, with buying seen across banking, financial and heavyweight sectors. Lower oil prices provided additional support to sentiment, as India is one of the world’s largest crude importers. Analysts said easing energy costs could help contain inflation and support economic growth.
Among the major gainers, HDFC Bank, Reliance Industries and ICICI Bank contributed significantly to the rise in benchmark indices. Banking stocks remained in focus as investors returned to the sector following recent volatility. Foreign investors also turned net buyers after an extended period of selling, lending further support to the market.
On the losing side, metal stocks faced pressure amid weakness in global commodity prices. Hindalco Industries and National Aluminium Company (Nalco) were among the notable laggards. Shares of General Insurance Corporation of India (GIC Re) also declined sharply following a government stake sale at a discounted price.
Broader markets also ended in positive territory, with mid-cap and small-cap indices posting moderate gains. Market breadth remained favourable, reflecting continued buying interest across sectors.
With the Sensex gaining nearly 4% and the Nifty rising around 3.6% over the last three sessions, market participants will be watching closely to see whether the rally can be sustained in the coming days.
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