Indian equity markets witnessed a strong upward movement on Tuesday, tracking positive global cues and rising optimism around potential peace talks between the US and Iran. The day began on a modest note, but momentum picked up steadily as trading progressed, lifting benchmark indices significantly.
The BSE Sensex opened with a mild gain of 96 points, while the NSE Nifty 50 edged up by just 9 points in early trade. However, by around 11 AM, markets saw a sharp rally. The Sensex jumped over 680 points to hover near 79,222, while the Nifty climbed nearly 190 points to trade around 24,555.
Bank Nifty outperforms with strong gains
Banking stocks led the rally, with the Bank Nifty rising more than 700 points to touch approximately 57,288. Strong buying interest in financial stocks contributed significantly to the broader market uptrend.
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Realty, metal, auto and banking stocks shine
Broad-based buying was seen across multiple sectors. Realty, metal, auto, and banking stocks registered notable gains, reflecting improved investor confidence and sectoral strength.
Despite the overall bullish trend, the Nifty IT index underperformed compared to other sectors, indicating selective buying across the market.
Varun Beverages, Siemens Energy among top gainers
Among individual stocks, Varun Beverages and Siemens Energy India recorded sharp gains. Other stocks such as GAIL, Asian Paints, and Adani Ports also witnessed price increases, adding to the market’s upward momentum.
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Global factors played a key role in supporting the rally. Hopes surrounding US–Iran peace talks led to a decline in crude oil prices in the international market. Both Brent crude and WTI futures slipped, easing concerns over inflation and import costs.
In the commodities segment, gold prices remained largely stable, though MCX June gold futures saw a slight decline. Silver futures also traded lower, reflecting a cautious outlook in the precious metals market.
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