Indian equity benchmarks traded in a narrow range on Tuesday, with the Sensex hovering around the flat line while the Nifty 50 climbed above the 23,100 mark. Investor sentiment improved after easing tensions in the Middle East led to a decline in crude oil prices, helping offset concerns over inflation and global growth.
Banking and financial stocks provided support to the market, with PSU banks, private lenders and realty counters attracting buying interest. The broader mood remained positive despite weakness in information technology shares.
Among the day’s notable gainers, InterGlobe Aviation (IndiGo) rose around 2% after several brokerages maintained positive ratings and upbeat growth expectations for the airline. Retail major Trent also featured among the top performers, extending recent gains.
Rail Vikas Nigam Ltd (RVNL) advanced about 3% after securing a railway project worth ₹221 crore, while Redington surged nearly 5% as investors reacted positively to product and technology announcements made at Apple’s Worldwide Developers Conference (WWDC) 2026.
On the downside, NLC India fell around 3% after the government launched an offer for sale (OFS) of up to a 3% stake in the company. IT stocks remained weak, with TCS among the laggards as the sector continued to face selling pressure.
Meanwhile, government bond yields eased as lower crude prices and recent Reserve Bank of India measures aimed at boosting foreign currency inflows improved expectations for the country’s external position and currency stability.
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