Sensex Gains 115 Points as Global Rally Lifts Indian Stocks
Indian benchmarks climbed on Tuesday as Asian peers rose and US equities logged strong gains. Crude prices eased slightly, supporting broader risk sentiment.
Key points
- Sensex closed up 115.62 points at 74,974.61, extending its recent upward trend.
- Global equity gains and slightly eased crude oil prices boosted Indian market sentiment.
- FIIs sold 576.20 crore rupees in Indian stocks on Monday despite positive trends.
The BSE Sensex rose 115.62 points to close at 74,974.61 on Tuesday morning. This gain followed a strong overnight performance in United States equity markets.
The NSE Nifty advanced 40.50 points to reach 23,455.60 during the same period. Both indices traded higher as global peers posted significant gains.
Global factors drive domestic momentum
Asian markets including South Korea and China quoted in positive territory on Tuesday. This regional strength mirrored the optimism seen in Wall Street the previous day.
Brent crude traded at $101.1 per barrel, a slight increase of 0.80%. Analysts noted that cooling oil prices helped reduce inflationary pressure on equities.
Thehindu.com reports that US 10-year bond yields also eased. This combination supported risk-on sentiment across international financial markets.
Sectoral performance and investor flows
HDFC Bank and Adani Ports led the Sensex constituents higher. Conversely, IT majors like Infosys and TCS lagged the broader market.
Foreign institutional investors sold Indian equities worth 576.20 crore rupees on Monday. This outflow occurred despite the recent upward trend in domestic indices.
Liquidity improves after IPO window
V K Vijayakumar of Geojit Investments said refunds from the recent NSE IPO are returning. This return of capital adds fresh liquidity to the secondary market.
Market participants are watching diplomatic developments between the US and Iran. Potential talks during the UN General Assembly could further stabilize sentiment.
