The Indian equity benchmarks ended Tuesday’s session with modest gains. The Sensex ended the day at 82,570.91, gaining 317.45 points or 0.39%, while the Nifty 50 settled at 25,195.80, up 113.50 points or 0.45%. The Nifty Bank index also edged higher, ending at 57,006.65, a gain of 0.43%.
“On the sectoral front, all key sectors ended in the green, with auto, pharma, and realty emerging as the top gainers. The positive sentiment extended to the broader markets as well, with both midcap and smallcap indices gaining nearly a percent each,” said Ajit Mishra – SVP, Research, Religare Broking.
“Participants drew comfort from the further easing of CPI inflation, which triggered notable buying in rate-sensitive sectors in hopes of a potential rate cut. However, continued disappointment from the IT space, following HCL Technologies’ results, capped overall momentum. With the hurdle at the short-term moving average (20 DEMA) near 25,250 still intact, we suggest maintaining a cautious stance on the index and adopting a selective approach on the sectoral front,” he added.
Here’s a roundup of what moved the markets today:
Top performers on the street
Among the Sensex constituents, Sun Pharma, Bajaj Finserv, Tata Motors, Mahindra & Mahindra, and Infosys were among the top gainers.
Major drags
On the downside, HCL Technologies was under pressure following weak earnings, while financial names such as Axis Bank, Kotak Mahindra Bank, and Tata Steel also saw selling interest. Eicher Motors and NTPC were among the other laggards weighing on the indices.
Top sectors in Tuesday’s trade
Sectoral performance showed mixed trends, but Fertilisers and Cables emerged as the clear winners. The fertiliser sector recorded a 2.32% jump in market capitalisation, while cables followed closely with a 2.26% rise. The Non-Alcoholic Beverages segment also saw momentum with a 1.75% gain, and Edible Fat logged a 1.66% rise in market value.
Best and worst performing business groups
Among major business groups, Nagarjuna Group led the day with a 4.64% rise in market cap. The Hero Group and Dhanuka Group both saw gains of 4.42%, while Pennar Group rose by 4.37%.
On the other hand, Jaypee Group bore the brunt of the sell-off, slipping 8.57%. The HCL Group declined 3.15%, while Future Group and JSW Group ended lower by 2.46% and 1.06%, respectively.