Mumbai: The Sensex and Nifty, which are stock market benchmark indices, experienced significant gains on Tuesday due to strong buying activity in banking, financial, and auto stocks, influenced by the mostly positive performance of global equities. The BSE Sensex, a 30-share index, rose by 378.18 points or 0.47% to close at 80,802.86. Throughout the day, the benchmark climbed 518.28 points or 0.64% to reach 80,942.96.
The NSE Nifty increased by 126.20 points or 0.51% to 24,698.85, marking its fourth consecutive day of growth. The major gainers among the 30 Sensex companies included Bajaj Finserv, IndusInd Bank, Tech Mahindra, Bajaj Finance, Kotak Mahindra Bank, Axis Bank, NTPC, and Sun Pharma. Conversely, Bharti Airtel, ITC, Adani Ports, JSW Steel, and Tata Motors were among the underperformers.
Asian markets showed mixed results, with Seoul and Tokyo seeing increases, while Shanghai and Hong Kong experienced declines. European markets were trading higher, and U.S. markets closed with gains on Monday. The resilience and recovery on Dalal Street can largely be attributed to the consistent inflow of SIP investments from individual investors. Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, mentioned that local investors will closely monitor global factors as they await the release of the July FOMC meeting minutes on Wednesday.
According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth ₹2,667.46 crore on Monday, while Domestic Institutional Investors (DIIs) purchased equities totaling ₹1,802.92 crore. Brent crude, the global oil benchmark, saw a 0.72% decline to USD 77.10 per barrel. In a sideways trading session on Monday, the BSE's main index fell by 12.16 points or 0.02% to close at 80,424.68. In a volatile trading session, the NSE Nifty rose by 31.50 points or 0.13% to 24,572.65.
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