Tuesday’s trading session turned out to be highly positive for the Indian stock market. Due to strong buying in banking and IT stocks, the market closed with impressive gains. There was also positive movement in mid-cap and small-cap stocks. By the end of the session, the BSE Sensex closed 378 points higher at 80,902 points, while the NSE Nifty ended 126 points up at 24,700 points.
Market Cap Increase by ₹2.50 Lakh Crore
The significant rise in the stock market led to a notable increase in investors’ wealth. The market cap of BSE-listed stocks reached ₹456.58 lakh crore, up from ₹454.39 lakh crore in the previous session. This session saw a rise of ₹2.19 lakh crore in market cap.
Gainers and Losers
Out of the 30 stocks in the Sensex, 24 closed higher, while 6 ended lower. In the Nifty, 38 out of 50 stocks closed with gains, and 12 with losses. Among the top gainers, Bajaj Finserv was up by 3.20%, IndusInd Bank by 2.54%, Tech Mahindra by 2.01%, Kotak Bank by 1.47%, Axis Bank by 1.12%, NTPC by 1.02%, Sun Pharma by 0.91%, Nestle by 0.82%, HCL Tech by 0.77%, and SBI by 0.71%. On the other hand, the top losers included Bharti Airtel, which fell by 1.30%, ITC by 0.48%, Adani Ports by 0.35%, JSW Steel by 0.21%, and Tata Motors by 0.16%.
Sectoral Update
Sectors that showed strength in today’s trade included Banking, IT, Auto, Pharma, Metals, Real Estate, Energy, Consumer Durables, Healthcare, and Oil & Gas. However, FMCG and Media stocks saw some decline. Due to buying in mid-cap and small-cap stocks, both indices ended with gains. India VIX, which measures market volatility, fell by 3.49%, closing at 13.82.
