The benchmark Sensex surged 666 points while the Nifty 50 climbed 170 points during Tuesday's session, bringing both indices up over 4% across four days. Softer crude oil prices and diplomatic progress involving Iran and Qatari mediators have provided broader macroeconomic relief. Meanwhile, foreign investors pumped ₹31.15 billion into equities on Monday, outweighing domestic institutional sales of ₹3.92 billion. Market strategists suggest accumulating quality stocks on market pullbacks while keeping overnight exposure tightly controlled.
Key points
The Nifty index encounters immediate overhead resistance in the 23,500 to 23,600 band, wi…: The Nifty index encounters immediate overhead resistance in the 23,500 to 23,600 band, with further upside targeting 24,000.
Downside support levels for the benchmark index are firmly established between the 22,800…: Downside support levels for the benchmark index are firmly established between the 22,800 and 23,200 zones.
Brokerages advise market participants to prudently manage overnight positions and selecti…: Brokerages advise market participants to prudently manage overnight positions and selectively purchase quality shares on price dips.
Sources checked by our analysis pipeline: 1
Nifty Expiry Today | Stock Market Today: Indian stock markets extended their winning streak to a fourth consecutive session on Tuesday, with the Sensex and Nifty rising over 4% in four sessions as easing crude oil prices, improving foreign investor flows and strong corporate earnings lifted sentiment.
The Sensex climbed 666 points, or 0.87%, to an intraday high of 76,358.79, while the Nifty 50 advanced 170 points, or 0.7%, to 23,610.70. The gains followed a strong rally on Monday, when both benchmark indices surged 1.7%. The Sensex and Nifty had ended at their highest levels in eight weeks and over five weeks, respectively.
Sentiment also drew support from a decline in crude oil prices. Brent crude traded around $105 a barrel on Tuesday after falling 7% in the previous session. Hopes of progress towards ending the US-Israeli war with Iran improved after reports of talks involving Iran and Qatari mediators, raising expectations of easing geopolitical tensions.
Foreign investor activity provided another positive signal. Foreign portfolio investors (FPIs) turned net buyers of Indian equities on Monday, purchasing shares worth ₹31.15 billion,…
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