Equity markets had a strong performance on Tuesday, as the BSE Sensex surged 1,131.31 points or 1.53 per cent to close at 75,301.26, while the NSE Nifty 50 gained 325.55 points or 1.45 per cent to end at 22,834.30. The positive momentum was driven by robust buying in financial and auto stocks and was supported by favorable global cues.
Leading the gains was Zomato, which surged 7.11 per cent to ₹218.35, benefitting from positive investor sentiment in the food-tech sector. ICICI Bank followed closely, climbing 3.25 per cent to ₹1,309.60, driven by the strong performance in banking stocks. Mahindra & Mahindra (M&M) advanced 3.07 per cent to ₹2,787.00, buoyed by upbeat auto sales data. Tata Motors also saw a significant gain of 2.86 per cent, closing at ₹679.80, extending its recent uptrend. Larsen & Toubro (L&T) rose 2.77 per cent to ₹3,271.05, supported by strong order inflows.
On the other hand, Bajaj Finserv was the biggest loser, slipping 1.43 per cent to ₹1,845.00 as investors booked profits. Bharti Airtel declined 0.69 per cent to ₹1,628.15 due to sectoral weakness. Tech Mahindra also saw a decrease of 0.59 per cent to ₹1,431.15, facing pressure in IT stocks. Reliance Industries edged 0.13 per cent lower to ₹1,238.80, marking a subdued session for the company.
The market rally was fueled by optimism surrounding potential ceasefire talks between Russia and Ukraine, as well as economic stimulus measures in China. The Bank Nifty soared 1.99 per cent to 49,314.50, reflecting the strong performance in financial stocks on that day.
