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

Indian benchmark indices continued their robust upward momentum for the third consecutive session on Tuesday, driven by positive global cues and easing geopolitical tensions. The Sensex jumped 544.15 points to close at 76,808.48, while the Nifty 50 climbed 135.25 points to settle at 23,989.15.

Key Drivers: US-Iran Peace Deal and FII Inflows

The market rally was significantly bolstered by a de-escalation in Middle Eastern tensions. Following a reported peace deal between the US and Iran regarding the reopening of the Strait of Hormuz, global crude oil prices softened. Brent crude, the global benchmark, traded 2% lower at $81.45 per barrel, providing much-needed relief to the domestic economy.

Furthermore, sentiment was strengthened by the return of Foreign Institutional Investors (FIIs). Exchange data indicated that FIIs turned net buyers, purchasing Indian equities worth ₹200.05 crore. This influx of foreign capital, combined with positive momentum from US markets—where the Nasdaq surged 3.07%—created a strong tailwind for domestic equities.

IT Sector Leads the Charge

The Information Technology (IT) sector emerged as a primary growth engine during Tuesday's session. HCL Technologies was the standout performer across both the NSE and BSE, climbing 3.55% to reach ₹1,159. This surge followed the announcement of a ₹1,427 crore investment in Sarvam AI, a government-backed sovereign AI model developer.

Other notable gainers included:

Sectoral indices also showed strength in Realty (+2.27%), Focused IT (+1.72%), and FMCG (+1.12%).

Metal and Auto Sectors Face Pressure

While the broader market celebrated, certain sectors faced headwinds. The Metal, Commodities, and Auto sectors were among the notable laggards. Hindalco led the losers on the Nifty 50, dropping 3.11% to settle at ₹982.40. JSW Steel also saw a decline of 1.72%.

In the automotive segment, Maruti Suzuki and Eicher Motors both ended in the red, with Maruti Suzuki losing 0.83% (₹114) during the session. Other significant decliners included InterGlobe Aviation and UltraTech Cement, reflecting a cautious stance in the travel and construction materials space.

Marktprestaties in een oogopslag

De driedaagse rally was aanzienlijk, waarbij de Sensex met een totaal van 2.975,93 punten (4%) steeg en de Nifty in de opeenvolgende sessies met 827,55 punten (3,57%) toenam. De bredere markt deed ook mee aan de rally, waarbij de BSE MidCap Select met 0,64% steeg en de SmallCap Select met 0,59% won.

Belangrijkste conclusies