Indian benchmark equity indices extended their winning streak for a third consecutive session on Tuesday. It opened with the BSE Sensex jumping over 350 points and the NSE Nifty50 closing above the 23,900 mark. The rally was driven by positive global cues, easing crude oil prices and improving investor sentiment following developments around a preliminary US-Iran peace framework.
Markets opened on a strong note and remained in positive territory throughout most of the trading session. The Sensex surged past the 76,500 level, while the Nifty stayed comfortably above 23,900, supported by buying in information technology, FMCG and financial stocks. Gains in these sectors helped the benchmarks maintain momentum despite some profit-taking in metals and select healthcare counters.
Among the top gainers, HCL Tech emerged as a key outperformer after announcing a strategic investment in AI startup Sarvam AI. Bajaj Finance also witnessed strong buying interest, while other IT and FMCG heavyweights contributed to the market’s advance. Investors continued to favour technology stocks amid expectations of stronger growth driven by digital transformation and artificial intelligence opportunities.
On the losing side, shares of General Insurance Corporation (GIC) remained under pressure after the government launched an offer for sale in the company. Metal stocks were among the laggards as softer global commodity prices weighed on sentiment, while select pharmaceutical counters also traded weak.
The broader market mood remained positive, aided by declining crude oil prices. Lower energy costs are viewed as beneficial for India’s inflation outlook, trade balance and corporate earnings. Investor confidence was also supported by improving foreign fund sentiment and measures aimed at strengthening the rupee and attracting overseas investments.
Sector-wise, information technology led the gains, followed by FMCG and financial stocks. In contrast, metals and healthcare underperformed the broader market.
Analysts said easing geopolitical tensions, softer crude prices and resilient domestic economic fundamentals continue to support risk appetite. However, they cautioned that investors will closely monitor global developments, oil price movements and foreign institutional investor flows for further market direction.
The latest advance marked the third straight day of gains for Dalal Street, reinforcing optimism that the ongoing recovery could continue in the near term.
Also Read: US restricts access to Anthropic’s advanced AI models