The Indian stock market continued its upward journey for the sixth straight trading session on Tuesday, supported by gains in fast-moving consumer goods (FMCG) and private banking stocks.
The Sensex began the day with a strong start, opening 320 points higher at 79,728. However, it soon slipped into the red, touching a low of 79,253, as investor sentiment was affected by steep losses in the US markets overnight.
Despite the early fall, the Sensex recovered quickly and remained in positive territory for the rest of the trading day. It even touched an intra-day high of 79,824 before finally closing 187 points or 0.24 per cent higher at 79,596.
With Tuesday’s gains, the Sensex has now climbed 5,749 points, or 7.8 per cent, over the last six trading sessions, showing strong momentum in the domestic markets.
The Nifty also followed a similar trend. It slipped to a low of 24,072 during early trade but bounced back sharply to hit a high of 24,243. The Nifty finally ended the intra-day trading session with a gain of 42 points or 0.2 per cent at 24,167.
Interestingly, this rally comes on a special day for the NSE, as it celebrated its 29th anniversary on Tuesday.
Over the past six sessions, the Nifty has gained 1,768 points or 7.9 per cent -- showing strong investor confidence despite global market concerns.
Market experts believe that steady buying in select sectors like FMCG and banking is helping Indian indices maintain their positive momentum.
"For Nifty, the highest open interest on the call side was seen at the 25,500 and 24,200 strike prices, while on the put side, it was concentrated at the 24,000 and 23,000 levels," said Sundar Kewat of Ashika Institutional Equity.
He added that the Put-Call Ratio (PCR) stood at 1.05, which indicates a slightly bullish undertone.
Bank Nifty led the rally, jumping sharply following the Reserve Bank of India's announcement to ease final Liquidity Coverage Ratio (LCR) norms, effective from April 2026.
Beyond the banking space, sectors such as Realty, Consumer Durables, and FMCG also witnessed notable gains.
The only sector to close in the red was IT.
"Globally, US markets remained under pressure, weighed down by persistent selling," Kewat noted.
Indian stock market opens in red as Israel-Iran tensions rise
The Indian benchmark indices opened sharply lower on Friday as tensions escalated between Israel and Iran. Heaving selling was seen in the auto, IT, Financial service and PSU Bank sectors in the early trade.
Stock market ends in green, Bank Nifty hits new all-time high of 57,000
The Indian stock markets closed in the green on the first trading day of the week, as Bank Nifty hit a new all-time high of 57,000 on Monday, reflecting strong sentiment and momentum in the banking sector.
World’s largest container ship MSC IRINA arrives at Adani’s Vizhinjam International Seaport
In a historic feat, the world’s largest container ship MSC IRINA arrived at Adani Group's Vizhinjam International Seaport on Monday, which will be berthed till Tuesday.
Indian stock market opens in green, IT and PSU banks lead
The Indian benchmark indices opened higher on Monday amid positive global cues, as buying was seen in the IT, PSU banks and auto sectors in the early trade.
India now has 1.76 lakh registered startups, 118 unicorns: FM Sitharaman
The number of registered startups has reached 1.76 lakh in the last 11 years, with 118 unicorns (startups with $1 billion valuation and above), thus fueling youth entrepreneurship, Finance Minister Nirmala Sitharaman said on Friday.
Adani Ports secures Rs 5,000 crore via 15-year non convertible debenture
Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said it has successfully raised Rs 5,000 crore through a 15-year Non-Convertible Debenture (NCD).
Indian stock market ends in green over positive global cues
The Indian stock market closed in green on Thursday amid positive global cues. Sensex closed 320.70 points or 0.39 per cent up at 81,633.02 while Nifty ended up 81.15 points or 0.33 per cent at 24,833.60.
Total telephone subscribers in India increase to 1,203.84 million in April
The number of total telephone subscribers in India increased from 1,200.80 million at the end of March to 1,203.84 million in April, a monthly growth rate of 0.25 per cent, the government’s telecom subscription data showed on Thursday.