Equity markets witnessed a second consecutive day of gains on Tuesday, with the Sensex and Nifty both posting over a 1.5% increase. The positive momentum was driven by value buying across sectors, favorable global market cues, and encouraging domestic macroeconomic data.
Global markets also provided support as investors reacted positively to China’s stimulus measures aimed at boosting consumption. The Sensex surged by 1,131 points to close at 75,301, while the Nifty climbed 325 points to reach 22,834. Among the top gainers on the Sensex were Zomato, ICICI Bank, Mahindra & Mahindra, Tata Motors, and Larsen & Toubro.
On the other hand, Bajaj Finserv, Bharti Airtel, Tech Mahindra, and Reliance Industries were among the few stocks that ended the day in the red. The stronger rupee against the US dollar also contributed to the positive sentiment in the market.
Overall, the market outlook remains optimistic as investors continue to monitor global developments and economic indicators for further cues.
