The benchmark BSE Sensex climbed 174 points, settling around 83,450, while the NSE Nifty50 closed near 25,700, extending gains for the second consecutive session. The markets erased early weakness on Tuesday to finish with broad‑based gains, reflecting renewed investor confidence after a tentative start.
Sector performance: Information Technology and PSU bank stocks led the rally, with notable gains in TCS, HCL Tech, and SBI. Conversely, FMCG and pharma shares saw profit‑booking, with Nestlé, Hindustan Unilever, and Sun Pharma among the laggards. Midcap and smallcap indices also participated in the upswing, though with less intensity.
Early weakness was driven by negative signals from GIFT Nifty, which traded below the previous close, hinting at cautious risk appetite. Global cues remained subdued as Asian markets traded with thin volumes, and commodity prices such as gold eased on a stronger US dollar.
Market breadth improved as investors returned to equities after recent volatility, supported by stronger valuations in financials and optimism around corporate earnings.
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