Markets trend higher in afternoon trade. Nifty above 25,500, Sensex advances 270 points—5 key highlights

Indian equity markets closed the session on a higher note, scaling in the later hours of the trade. The Nifty 50 closed the session 0.24% higher at 25,523, and the Sensex ended the day 270 points higher at 83,712. 

In line with the overall market sentiments, the Nifty Bank settled over 300 points higher at 57,256.

The BSE Midcap closed the trade on a flat note at 46,748.41. On the other hand, the BSE Smallcap fell more than 90 points or 0.17% to 54,558.

“The Indian equity market remained largely range-bound as investors awaited definitive progress on the India–US trade agreement. While sentiment remains cautiously optimistic about a potential deal, the lack of formal confirmation has restrained fresh buying activity. Moreover, the U.S. decision to extend the deadline for implementing 25% tariffs on key trading partners has led investors to adopt a more defensive approach,” said Vinod Nair, Head of Research at Geojit Investments.

5 big highlights from today’s market action-

Indices in intraday trade

The indices closed Tuesday’s session on a flat note. During the session, out of 3,024 trading stocks, 1,352 advanced, while 1,564 declined, and 108 remained unchanged. Today, 56 stocks hit a fresh 52-week high. Meanwhile, 40 stocks touched a new 52-week low. 

Top gainers 

Kotak Mahindra Bank was the top gainer in the Nifty 50 in Monday’s session, closing 3.45% higher. It was followed by Zomato, Asian Paints, NTPC, and Grasim Industries. 

Top losers

Meanwhile, the shares of Titan were the biggest losers in today’s trade. It was followed by Dr. Reddy’s Lab, Bajaj Auto, Cipla, Trent, and many others. 

Top sectors in Tuesday’s trade

The textile sector’s stocks topped the chart in Tuesday’s trade, gaining 1.92% in the market cpaitalisation. Tyre stocks followed the suit along with paint stocks. The infrastructure sector stood behind the transport sector, climbing 1%, and it was followed by service stocks that rose 0.87%.

Best and worst performing business groups 

The Ruchi Group’s market capitalisation has jumped the most in Tuesday’s trade, gaining 1.15%. In the list of Ruchi Group stocks, IMEC Services gained up to 2%. Further, Patodia Group followed the list, whose market cap increased by almost 0.98% and Pennar Group’s market cap increased by 0.96%, and others. However, the Nagarjuna Group’s market cap declined the most, falling almost 4.3%.