After a big fall for two consecutive sessions, the Indian stock market closed in the green in Tuesday’s trading session. At the end of the day, Sensex was at 73,918.76, up 394.50 points or 0.54 per cent, and Nifty was at 23,424.10, up 119.10 points or 0.52 per cent.
Banking stocks led the rise in the market. During this period, Nifty Bank closed with a gain of 2.09 percent. Besides, Nifty India Defence, Nifty Realty, Nifty Financial Services, Nifty Auto, Nifty India Manufacturing, Nifty FMCG and Nifty Services were the fastest rising indices. On the other hand, Nifty IT and Nifty Media closed in the red.
Along with largecaps, midcaps and smallcaps also saw a rise. The Nifty Midcap 100 index was at 60,715.45, up 809.80 points or 1.35 per cent, and the Nifty Smallcap 100 index was at 18,063.60, up 300.15 points or 1.69 per cent.
IndiGo, SBI, ICICI Bank, Axis Bank, Bajaj Finance, Asian Paints, Trent, Maruti Suzuki, HUL, Kotak Mahindra Bank, M&M, Bajaj Finserv, Adani Ports and UltraTech Cement were the gainers in the Sensex pack. Titan, NTPC, Power Grid, Tech Mahindra, Bharti Airtel, Eternal, Infosys, Sum Pharma, HCL Tech and Bharat Electronics were the losers.
Market experts said that after a big fall, a small recovery has been seen in the domestic markets. The reason for this is the stoppage of war between Iran and Israel and the decline in crude oil prices.
The attitude of investors in the market remains mixed. The reason for this is continuous selling by FIIs and high bond yields. He further said that in the coming time, the focus of investors will be on US inflation data, Fed policy and global liquidity.
The Indian stock market opened on a positive note. Initially, Nifty and Sensex were up by 0.5-0.5 percent.
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