Sensex, Nifty Close Higher as Late Buying Lifts Financials, PSU Banks
New Delhi — Indian stock markets closed higher on Tuesday after a late-session push helped benchmark indices recover momentum, with PSU banks, financial services and auto stocks leading the advance.
The Nifty ended at 23,242.10, up 119.10 points, or 0.52 percent. The Sensex rose 394.50 points, or 0.54 percent, to close at 73,918.76 after gaining strength near the end of trading.
Broader markets also saw strong buying interest. The Nifty MidCap index climbed 1.35 percent, while the Nifty SmallCap index advanced 1.69 percent, signaling wider participation beyond the large-cap space.
PSU banks were the strongest performers among sectoral indices, with the Nifty PSU Bank index rising more than 3 percent. Realty, auto and financial services stocks also posted solid gains as investors bought into rate-sensitive and cyclical sectors.
Among individual Nifty stocks, InterGlobe Aviation, Jio Financial Services and Eicher Motors were among the top gainers and helped support the index through the session.
Market sentiment was also helped by improved global risk appetite after U.S. President Donald Trump said peace talks with Iran were underway following a pause in hostilities between Iran and Israel. The easing in geopolitical concerns supported investor confidence across markets.
Analysts said the Nifty’s next key hurdle is near the 23,450 to 23,550 range if the index manages to sustain above 23,300.
“On the downside, the 23,100 region has emerged as an immediate intra-day support zone. However, a decisive break below 23,000 could trigger profit booking and drag the index towards the 22,800–22,700 support region,” an analyst said.
The day’s gains were not broad across all sectors. IT and media stocks ended lower and were among the weakest performers of the session.
Analysts said the market tone remained constructive, with late buying helping the benchmarks close higher despite uneven sectoral movement. (Source: IANS)
