On Tuesday, the stock market saw a mix of gains and losses, with Bajaj Finance, Axis Bank, Bajaj Finserv, HDFC Bank, and Tata Motors leading the way in terms of gains. Bajaj Finance surged 4.39% following the RBI’s liquidity injection announcement, closing at ₹7,613.20. Axis Bank also showed strong momentum, rising by 3.82% to ₹984.10. Meanwhile, Bajaj Finserv gained 3.28% to close at ₹1,767.90, HDFC Bank added 2.51% to finish at ₹1,670.55, and Tata Motors recorded a 2.15% gain, closing at ₹728.45.
On the other hand, Sun Pharmaceutical Industries, Larsen & Toubro (L&T), NTPC, Power Grid Corporation of India, and ITC were among the top losers. Sun Pharma dropped 4.47% to ₹1,705.90, while L&T declined by 1.32% to ₹3,414.35. NTPC fell 1.27% to ₹317.95, Power Grid slipped 1.11% to ₹283.85, and ITC closed 1.08% lower at ₹435.25.
The market saw a strong recovery, driven by positive sentiment in banking stocks, with the BSE Sensex ending 0.71% higher at 75,901.41 and the NSE Nifty gaining 0.56% to close at 22,957.25. Banking and financial stocks were the primary drivers of the day’s gains, following the RBI’s announcement of open market operations to inject liquidity. The Bank Nifty index stood out with a 1.67% gain, while the Nifty Financial Services index advanced by 1.89%.
Overall, the market’s performance was a reflection of the positive sentiment in banking and financial sectors, with some stocks surging while others experienced losses.
