The domestic stock market witnessed another unexpected rally on Tuesday. After opening with losses, indices rebounded strongly by the afternoon and closed with significant gains, much like Monday’s trading session.
Morning trade was weighed down by global concerns, including warnings from former U.S. President Donald Trump, but sentiment shifted mid-session, leading to a sharp recovery. By the close, investors celebrated as benchmarks ended in the green.
Sensex rose 509 points, finishing at 74,616.
Nifty gained 155 points, closing at 23,123.
Sectoral performance was mixed, with IT, metals, and realty leading the rally. The Indian rupee also registered a slight gain against the U.S. dollar, ending near 93.
On the Nifty index, Wipro, Hindalco Industries, HCL Technologies, TCS, and Infosys were among the top gainers. In contrast, Dr. Reddy’s Laboratories, Adani Enterprises, InterGlobe Aviation, Apollo Hospitals, and Adani Ports saw declines.
Except for consumer durables and PSU banks, most sectoral indices closed positively, reinforcing the broad-based recovery.
