Sensex and Nifty Surge for Third Day: IT and Energy Stocks Lead Rally

Indian equity markets maintained their robust upward momentum on Tuesday, with both the Sensex and Nifty recording their third consecutive session of gains. The rally was fueled by easing global geopolitical tensions, softening crude oil prices, and a return of foreign institutional buying.

Benchmark Indices Hit New Milestones

The BSE Sensex exhibited strong performance, gaining 544.15 points (0.71%) to close at 76,808.48. During intraday trading, the index climbed as high as 76,846.74. Similarly, the NSE Nifty 50 rose by 135.25 points (0.57%) to settle at 23,989.15, briefly touching the 24,002.60 mark.

This winning streak has been significant for investors; over the last three sessions, the Sensex has surged by 2,975.93 points (4%), while the Nifty has advanced by 827.55 points (3.57%).

IT Sector Leads the Charge

Technology stocks were the primary drivers of Tuesday's rally. HCL Technologies emerged as the top performer on both the Sensex and Nifty lists, jumping 3.55% to reach Rs 1,159. This surge followed the company's announcement of a ₹1,427 crore investment to acquire a 10.46% stake in Sarvam AI, a government-backed sovereign AI model developer.

Other notable gainers in the Nifty 50 included:

Sectoral indices also showed broad-based strength, with Realty climbing 2.27%, Focused IT rising 1.72%, and the FMCG sector gaining 1.12%.

Metal and Auto Sectors Face Pressure

While the broader market was bullish, certain sectors faced headwinds. Metal and Auto stocks were among the laggards. Hindalco led the losers on the Nifty 50, dropping 3.11% to close at Rs 982.40. JSW Steel also saw a decline of 1.72%.

In the automobile segment, Maruti Suzuki and Eicher Motors both ended in the red, with Maruti Suzuki falling 0.83% to close at Rs 13,691.

Global Triggers: Oil and Foreign Inflows

Two major external factors provided the necessary tailwinds for the domestic markets. First, a reported peace deal between the US and Iran regarding the reopening of the Strait of Hormuz eased fears of energy supply disruptions. Consequently, Brent crude prices fell by 2% to $81.45 per barrel.

બીજું, વિદેશી સંસ્થાકીય રોકાણકારોએ (FIIs) ભારતીય ઇક્વિટીમાં નવો રસ દર્શાવ્યો છે, સોમવારે ₹200.05 કરોડની ચોખ્ખી ખરીદી નોંધાઈ છે. વિદેશી મૂડીનો આ પ્રવાહ અને અમેરિકી બજારોમાંથી મળેલા સકારાત્મક સંકેતો—જ્યાં Nasdaq માં 3.07% નો ઉછાળો આવ્યો—તેણે તમામ સ્તરે રોકાણકારોના સેન્ટિમેન્ટને મજબૂત બનાવ્યું છે.

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