Domestic equity markets experienced a highly volatile trading session on Tuesday, opening on a weak note due to selling pressure but staging a strong recovery by the close, driven largely by gains in IT and metal stocks.
The benchmark indices finished firmly in positive territory, with the Nifty 50 closing at 23,015.90, up 155.40 points or 0.68 per cent. Similarly, the BSE Sensex climbed 509.73 points, or 0.69 per cent, to settle at 74,616.58.
Market sentiment remained cautious for most of the session, weighed down by elevated crude oil prices and ongoing geopolitical tensions. However, selective buying in key sectors helped push the indices into positive territory by the end of the day.
According to Vinod Nair, Head of Research at Geojit Investments, “The domestic market extended its recovery trend, although the session began on a weak footing amid high crude prices and caution ahead of Trump’s deadline for Iran. Gains were largely concentrated in IT, FMCG, and metal stocks, while broader market participation remained subdued, reflecting continued investor caution.”
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He further noted that IT stocks benefited from attractive valuations and currency-related tailwinds, while FMCG stocks were supported by optimistic pre-results commentary from major companies.
On the sectoral front, most indices on the NSE ended higher, with the exception of the Nifty PSU Bank Index, which declined by 0.71 per cent. The Nifty IT Index led the rally with gains exceeding 2 per cent, followed by the Nifty Metal Index, which rose 1.55 per cent. The Nifty FMCG Index advanced 0.82 per cent, while the Nifty Media Index gained 0.80 per cent. The Nifty Private Bank Index increased by 0.49 per cent, and the Nifty Auto Index posted a marginal rise of 0.08 per cent.
Global developments continued to influence market trends. Brent Crude Oil prices eased slightly from earlier levels but remained elevated, trading around USD 109 per barrel.
Meanwhile, safe-haven assets stayed firm, with gold priced at ₹1,50,439 per 10 grams for 24 karat, and silver at ₹2,33,306 per kilogram. Geopolitical concerns persisted after Donald Trump warned of potential military action against Iran if an agreement is not reached by Tuesday, adding to global market uncertainty.
Asian markets displayed mixed performance during the session.
Japan’s Nikkei 225 rose 0.26 per cent to 53,552, while Taiwan’s Taiwan Weighted Index surged 1.98 per cent to 33,229. In contrast, Singapore’s Straits Times Index declined 0.29 per cent to 4,958, and Hong Kong’s Hang Seng Index fell 0.71 per cent to 25,116.
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