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

Indian equity markets displayed robust momentum on Tuesday, with both the BSE Sensex and NSE Nifty 50 recording their third consecutive session of gains. This upward trend was fueled by positive global cues, a resurgence of foreign institutional buying, and easing crude oil prices following a significant diplomatic development between the US and Iran.

Benchmark Indices Hit New Heights

The BSE Sensex climbed 544.15 points, or 0.71 per cent, to close at 76,808.48, reaching an intraday high of 76,846.74. The NSE Nifty 50 mirrored this optimism, rising 135.25 points (0.57 per cent) to settle at 23,989.15, briefly touching the 24,002.60 mark.

This rally marks a significant three-session surge, with the Sensex gaining 2,975.93 points (4%) and the Nifty advancing 827.55 points (3.57%) over the last three trading days. The momentum was supported by broad-based buying, with the BSE MidCap Select rising 0.64 per cent and the SmallCap Select gaining 0.59 per cent.

IT Sector Leads the Charge

The technology sector emerged as a primary driver of the market rally. HCL Technologies was the standout performer, gaining 3.55 per cent to reach Rs 1,159. The surge followed the company's announcement of a Rs 1,427 crore investment to acquire a 10.46 per cent stake in Sarvam AI, a government-backed sovereign AI model developer.

Other significant gainers included:

While IT and Realty (up 2.27%) led the gains, the Metal, Commodities, and Auto sectors faced selling pressure. Hindalco was the biggest loser on the Nifty 50, dropping 3.11 per cent to close at Rs 982.40.

Global Factors: Crude Oil and FII Inflows

Two major macroeconomic factors provided the tailwind for Tuesday's rally. First, the reported peace deal between the US and Iran to reopen the Strait of Hormuz eased fears of energy supply disruptions. Consequently, Brent crude prices fell by 2 per cent to $81.45 per barrel.

Ten tweede fungeerde de terugkeer van buitenlandse institutionele beleggers (FII's) als een liquiditeitsbooster. Gegevens gaven aan dat FII's netto kopers waren van Indiase aandelen, waarbij ze op maandag aandelen ter waarde van Rs 200,05 crore kochten. Deze verschuiving in het sentiment viel samen met een positieve prestatie op de Amerikaanse markten, waar de Nasdaq Composite met 3,07 procent steeg.

Kernpunten