The Indian inventory market witnessed a bullish development on Tuesday, with the Sensex and Nifty extending their good points for the third consecutive day. Strong performances within the auto, metallic, and banking sectors primarily fueled the rally. The Sensex closed 328 factors increased at 73,105, whereas the Nifty settled at 22,218, marking a rise of 114 factors.
Stock efficiency
On the Sensex, main gainers included M&M, L&T, JSW Steel, NTPC, and IndusInd Bank, whereas TCS, Nestle, Axis Bank, ICICI Bank, Bajaj Finance, and ITC confronted losses. In the broader markets, the BSE Midcap and Smallcap indices rose by 1.14 per cent and 1.8 per cent, respectively.
Sectoral motion
Among the sectors, the Nifty Metal index emerged as the highest performer, hovering by 2.77 per cent, adopted by Nifty Auto and Oil & Gas, each recording an increase of 1.8 per cent. Nifty PSU Bank, Consumer Durables, and Realty sectors additionally confirmed optimistic momentum, every climbing by 1 per cent. However, Nifty FMCG and Pharma sectors skilled a slight decline of 0.5 per cent every.
Previous session recap
In the earlier buying and selling session on Monday, the Sensex closed at 72,776, registering a achieve of 112 factors, whereas the Nifty50 ended at 22,104, up by 49 factors.
The consecutive rise within the benchmark indices displays the rising investor confidence amidst optimistic sectoral performances, notably within the metallic section, contributing to the general bullish sentiment available in the market.
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Source: www.indiatvnews.com
