Market snaps four-day losing streak, with Nifty finishing near 25,200

The stock market snapped a four-day losing streak on Tuesday, with the Nifty finishing near 25,200.

At close, the Sensex was up 317.45 points or 0.39% at 82,570.91, and the Nifty was up 113.50 points or 0.45% at 25,195.80.

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Bulls took the charge after a flat start for the day, helping Nifty inch closer to 25,250 intraday, led by buying across sectors.

The mid- and small-cap segments continued their outperformance, as the BSE Midcap index rose 0.83% and the Smallcap index gained 0.95%. The overall market capitalisation of firms listed on the BSE rose to over ₹460 lakh crore from ₹457.6 lakh crore in the previous session.

Among the sectors, all indices ended higher. Nifty Auto was up 1.50%, Healthcare up by 1.23%, and Pharma up by 1.14%.

The Nifty Bank index rose 0.43%, while the Financial Services index climbed 0.47%.

PSU Bank index outperformed with a gain of 0.87%, while the Private Bank index climbed 0.13%.

On the Nifty 50, around 35 stocks ended higher. The top gainers were Hero MotoCorp (up 4.95%), Bajaj Auto (up 2.81%), and Sun Pharma (up 2.76%).

The top losers were HCL Technologies (down 3.26%), SBI Life Insurance Company (down 1.50%), and Eternal (down 1.37%).

HCL Tech shares slipped 3% after the information technology giant reported disappointing earnings for the first quarter of the current fiscal year.

Shares of One97 Communications, the parent company of payments aggregator Paytm, rose over 2%.

On BSE, around 150 stocks hit their 52-week highs in intraday trade. These included HDFC Asset Management Company, Anupam Rasayan India, Ceat, Gillette India, Godfrey Phillips India, Laurus Labs, Global Health, Nippon Life India Asset Management, and UTI Asset Management Company, among others.

The further easing of CPI inflation also triggered notable buying in rate-sensitive sectors in hopes of a potential rate cut.