Sensex ends 427 points higher; Nifty above 24,800; RIL up 2%

India Today

a day ago

Benchmark stock market indices erased early losses to close higher on Tuesday, driven by gains in heavyweight Reliance Industries stock which gained over 2%.The S&P BSE Sensex added 446.93 points to close at 81,337.95, while the NSE Nifty50 gained 140.20 points to end at 24,821.10.Vinod Nair, Head of Research, Geojit Investments Limited, said that amid lingering uncertainties over the ongoing U.S.–India trade negotiations, the domestic equity market staged a modest recovery from intraday lows."Investor sentiment remains cautious ahead of key global events, including policy decisions from the U.S. Fed and the August 1 reciprocal tariff deadline. Sustenance of this rally is likely to be positive in the near term with an eye on the above details, including Q1 results and this week's monthly expiry. For the Nifty50 index, 25,000 to 25,100 is likely to act as a restriction at the upper end," he added. Markets ended in green on Monday, with several big names slipping as the session closed. The top five losers on the BSE were Tata Consultancy Services, which fell by 0.73%, followed by Axis Bank down 0.64%, ICICI Bank dropped 0.58%, Titan Company declined 0.41%, and Zomato (listed as Eternal) was down 0.37%.Reliance Industries led the pack of gainers on Sensex with a gain of 2.21%, followed by Larsen & Toubro up 2.15%, Asian Paints rose by 1.81%, Adani Ports gained 1.42%, and Tata Motors advanced 1.18%.The top five losers on the BSE were Tata Consultancy Services, which fell by 0.73%, followed by Axis Bank down 0.64%, ICICI Bank dropped 0.58%, Titan Company declined 0.41%, and Zomato (listed as Eternal) was down 0.37%.advertisementThe Nifty indices displayed a positive picture as trading ended today. The Nifty Midcap100 gained 0.81% while Nifty Smallcap100 rose 1.03%, and India VIX dropped 4.45%.
All sectoral indices closed in positive territory with Nifty Realty leading at 1.60%, followed by Nifty Pharma at 1.37%, Nifty Healthcare at 1.26%, Nifty Oil & Gas at 1.08%, Nifty Metal at 1.00%, Nifty Auto at 0.82%, Nifty Media at 0.82%, Nifty PSU Bank at 0.49%, Nifty Financial Services at 0.35%, Nifty FMCG at 0.29%, Nifty Consumer Durables at 0.27%, Nifty Private Bank at 0.02%, and Nifty IT at 0.01%.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends