The Indian stock market on Tuesday rebounded sharply to end with solid gains in a volatile session.
At close, the Sensex was up 1,372.06 points or 1.89 percent at 74,068.45, and the Nifty was up 399.75 points or 1.78 percent at 22,912.40. Broader indices outperformed the main indices with Nifty mid and smallcap indices rising 2.6% each.
The market capitalisation of BSE-listed companies jumped to Rs 423.16 lakh crore against Monday’s Rs 415.21 lakh crore.
Among the sectors, all the indices ended in the green. Auto, IT, metal, media, bank, consumer durables, PSU Bank, Private bank, infra, consumer durables were up 2% each.
On Nifty, the key gainers were L&T, Interglobe Aviation, Asian Paints, Eternal and Bajaj Finance while the losers were Coal India, Adani Enterprises, Sun Pharma, Cipla and Power Grid Corp.
Over 500 stocks touched their 52-week low on the BSE. This included Castrol, Bajaj Housing, IDBI Bank, Gujarat Gas, New India Assurance, Lodha Developers, Zensar Technologies, Nuvoco Vistas, IGL, Gujarat State Petro, ITC, Balkrishna Industries, Deepak Nitrite, Blue Dart, IRCTC, PCBL Chemicals, ACC, among others
Indian Stock Market tracked the geopolitical developments after the US President Donald Trump announced a temporary pause on strikes targeting Iran’s power infrastructure.
Oil Marketing Companies (OMC) shares saw renewed buying interest. HPCL, BPCL, and IOC gained 5.53%, 4%, and 0.43%, respectively. Coal India shares also came under selling pressure slipping nearly 3%.
Shares of InterGlobe Aviation, parent of IndiGo Airlines jumped 5.2% snapping a three-day losing streak.
Bank Nifty snapped its three-day losing streak rising more than 2%. HDFC Bank snapped its four-session losing run to settle 3% higher.
In terms of global performances, the Asian market also rebounded with South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng traded higher.