Share Market Highlights: The Indian stock market closed in the green in Tuesday’s trading session. At the end of the day, Sensex was up 509.73 points or 0.69 per cent at 74,616.58 and Nifty was at 23,123.65, up 155.40 points or 0.68 per cent. The rise in the market was led by IT stocks. Nifty IT index was the top gainer among the indices with a gain of 2.5 per cent.
Apart from this, Nifty Realty, Nifty Metal, Nifty Defence, Nifty FMCG, Nifty Services, Nifty Commodities, Nifty PSE, Nifty Energy and Nifty Private Bank closed with gains. Only Nifty Consumer Durables and Nifty PSU Bank were in the red.
HCL Tech, TCS, Infosys, Bharti Airtel, Sun Pharma, Tech Mahindra, HUL, ITC, ICICI Bank, Maruti Suzuki, Tata Steel, NTPC, Bajaj Finserv, Kotak Mahindra Bank and Bajaj Finance were the top gainers in the Sensex pack. Indigo, M&M, Titan, Trent, SBI, UltraTech Cement, L&T and were the eternal losers.
There was mixed trading in midcaps and smallcaps as compared to largecaps. The Nifty Midcap 100 index closed at 54,600.55, up 107.90 points or 0.20 per cent. At the same time, Nifty Smallcap 100 index was at 15,843.30 with a weakness of 9.75.
Sunny Aggarwal, Head of Fundamental Research, SBI Securities, said that on Tuesday the Indian stock markets closed with gains in a volatile session. Sensex registered a gain of about 500 points and Nifty 50, recovering from the day’s heavy fall, made a record of closing above 23,100.
US-Iran tension And the markets opened weak due to high crude oil prices, but the market witnessed recovery due to strong buying in IT stocks led by Wipro, Infosys and TCS and support from metal and real estate stocks.
Aggarwal further said that the coming tomorrow RBI monetary policy The decision of the committee and the deadline given by the US to Iran to open the Strait of Hormuz, which is ending at 5:30 am Indian time, will play an important role in deciding the direction of the market.
