Indian equity markets saw gains on Tuesday, driven by late buying in sectors like PSU banks, financial services, and automobiles. The Nifty rose by 0.52% to settle at 23,242.10, while the Sensex ended 0.54% higher at 73,918.76. Analysts suggest that a move above 23,300 could lead to further recovery towards the 23,450–23,550 range.
Market sentiment improved following comments from US President Donald Trump on peace talks with Iran, easing geopolitical tensions. This positive global outlook also boosted domestic markets. The Nifty MidCap index rose by 1.35%, and the Nifty SmallCap index by 1.69%.
InterGlobe Aviation, Jio Financial Services, and Eicher Motors were top gainers in the Nifty pack, driving market gains. The Nifty PSU Bank index surged over 3%, leading the rally. Sectors like Nifty Realty, Nifty Auto, and Nifty Financial Services also ended with gains, supported by interest in rate-sensitive and cyclical sectors.
Despite mixed sectoral performance, late buying pushed benchmarks higher at the close. However, Nifty IT and Nifty Media indices were the top laggards for the day.
