The BSE Sensex climbed 247.01 points, or 0.29 per cent, to 84,312.76, while the Nifty rose 80.25 points, or 0.31 per cent, to 25,947.55 in early trade on Tuesday, extending its third consecutive winning session.
The rally was supported by positive momentum in Asian markets and sustained foreign fund inflows.
Among the top gainers were Eternal, Titan, Axis Bank, NTPC, Tata Consultancy Services, Sun Pharmaceuticals, PowerGrid, Maruti Suzuki India, Mahindra & Mahindra, Larsen & Toubro, Bharat Electronics Ltd, Reliance Industries, Bharti Airtel, and Tata Steel.
Top losers included Bajaj Finance, HCL Technologies, Asian Paints, IndiGo, State Bank of India, and HDFC Bank.
The recent US-India trade deal is expected to further bolster investor confidence in the coming months, with positive spillover effects anticipated across Asian stock markets.
Japan’s Nikkei 225, Hong Kong’s Hang Seng, and South Korea’s Kospi were trading higher, while China’s SSE Composite index was in the red. Overnight, US stock markets closed on a positive note on Monday.
Devarash Vakil, Head of Prime Research at HDFC Securities, said, “Global equity markets rallied on Monday, propelled by optimism over Japanese Prime Minister Sanae Takaichi’s decisive election victory and a tech rebound, while the dollar weakened amid reports that China has advised financial institutions to reduce exposure to US bonds.”
Investors are now focused on key US economic data due this week, including the labour report on Wednesday and the CPI inflation figures on Friday.
These releases are expected to provide critical guidance on the Federal Reserve’s interest rate policy direction for 2026.
Also read: Gold and silver prices drop 2 pc after two-day rally
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