Nifty, Sensex Close Higher For Second Day Led By Infosys, Airtel: Market Wrap
The benchmark indices extended their rally to close higher for the second session in a row on Tuesday, led by gains in the IT sector.
The NSE Nifty 50 closed 104.70 points, or 0.42% higher, at 25,041.10, while the S&P BSE Sensex ended higher by 361.75 points, or 0.44%, at 81,921.29.
The Nifty rose as much as 0.78% to 25,130.50, and the Sensex gained 0.78% to hit an intraday high of 82,196.55.
"The markets saw a one-way upmove after a knee-jerk reaction in the opening trade; however, towards the end of the trading session, the Nifty pared half of its gains to settle at 25,041.10 with gains of 104.70 points," said Aditya Gaggar, director of Progressive Share Brokers.
"As indicated yesterday, the index has tested the higher end of the resistance zone, i.e., 25,100; a firm close above the same is a must to confirm a trend continuation, while on the downside, a level of 24,850 will act as immediate support," he said.
.jpeg)
Shares of Bharti Airtel Ltd., Infosys Ltd., Tata Consultancy Services Ltd., and Axis Bank Ltd. led the gains on the Nifty.
Shares of HDFC Life Insurance Co., and Bajaj Finance Ltd. weighed on the index.
Most sectoral indices on the NSE advanced, with Nifty Media gaining the most.
On BSE, 18 sectors ended higher and two declined. The BSE Utilities ended with most gains, while the BSE Financial Services declined the most.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 0.53% and 1.53% higher, respectively.
Market breadth was skewed in favour of buyers. Around 2,594 stocks rose, 1,343 stocks declined, and 105 stocks remained unchanged on BSE.
Watch India Market Close At NDTV Profit
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
