Sensex jumps over 400 points, Nifty settles above 24,800— 10 key highlights from the Indian stock market today

The Indian stock markets closed on a strong note on Tuesday, with the benchmark indices rising sharply led by gains in banking, IT, and auto stocks. The BSE Sensex jumped 412.76 points, or 0.54%, to settle at 77,336.18, while the NSE Nifty 50 surged 112.65 points, or 0.46%, to close at a new milestone of 24,820.10. Robust quarterly earnings, global cues, and renewed foreign investor interest drove the bullish sentiment.

Here are 10 key highlights from today’s Indian stock market session:

1. Broad-Based Rally Drives Indices Higher

Major sectoral indices ended in the green, with the Nifty IT, Nifty Bank, and Nifty Auto indices contributing significantly to the upmove. Market breadth was also positive on the NSE, with more than 1,300 stocks advancing against 700 declining.

Ajit Mishra, SVP of Research at Religare Broking, said:

“The sentiment remains upbeat as investors digest a mix of strong earnings, macro stability, and encouraging global market cues. Key sectors like IT and BFSI are driving the momentum.”

2. IT Stocks See Renewed Buying

Nifty IT was among the top-performing indices, climbing over 1.5%. Infosys, Tech Mahindra, and HCL Tech gained between 1.5% and 2.3% on expectations of demand recovery in global tech spending.

Ruchit Jain, Lead Analyst at 5paisa, noted:

“The recent correction in IT stocks has attracted value buying. With the rupee slightly weakening and global demand stabilizing, IT majors are poised for short-term gains.”

3. Banking Stocks Rebound After Weak Start

Nifty Bank recovered from early losses to end 0.7% higher. ICICI Bank, Axis Bank, and HDFC Bank led the gains, supported by strong Q1 numbers and improved loan growth outlook.

4. Auto Stocks Accelerate on Strong Sales Forecasts

Auto shares were in focus ahead of the monthly sales data. Tata Motors, Mahindra & Mahindra, and Hero MotoCorp saw buying interest amid optimism around festive season demand and EV sales growth.

5. FMCG and Pharma Underperformed

While most sectors traded positive, FMCG and pharma shares witnessed minor profit booking. Stocks like HUL, Britannia, and Dr. Reddy’s ended flat to slightly lower.

6. Midcap and Smallcap Indices Touch Fresh Highs

Both the Nifty Midcap 100 and Nifty Smallcap 100 hit new record highs, gaining 0.9% and 1.3% respectively. Retail participation remains strong in the broader markets.

7. Foreign Institutional Investors Remain Net Buyers

Provisional data from NSE shows that Foreign Institutional Investors (FIIs) were net buyers to the tune of ₹1,120 crore, reflecting sustained global confidence in Indian equities.

8. Rupee Holds Steady; Crude Oil Softens

The Indian rupee traded marginally lower at 83.21 per dollar, but remained in a stable range. Meanwhile, Brent crude eased to $82.75 per barrel, offering relief to oil-importing countries like India.

9. Global Markets Support Risk Appetite

Asian markets, including the Nikkei 225 and Hang Seng, traded higher amid optimism over the U.S. Federal Reserve keeping rates steady. European indices also opened firm, supporting Indian equities during late hours.

10. Technical Indicators Signal Strong Bullish Momentum

Technically, Nifty has given a breakout above the 24,800 resistance zone, suggesting a possible extension toward 25,000 in the near term.

Apurva Sheth, Head of Research at SAMCO Securities, said:

“The charts suggest strength in the trend. As long as Nifty sustains above 24,700, dips can be seen as buying opportunities.”

Investor Outlook: Focus on Earnings, Global Cues

With the earnings season in full swing, stock-specific action is expected to dominate. Investors are advised to monitor Q1 results, especially from large caps in IT, banking, and auto sectors.

Short-term market movement may also react to U.S. macroeconomic data, crude oil price trends, and FII flows. Analysts suggest a cautious but optimistic approach as the markets approach all-time highs.