The broad advance on Dalal Street was propelled by foreign institutional investors, who poured nearly Rs 3,115 crore into equities during Monday's session. Subdued global energy prices also eased cost pressures, with Brent crude trading under $105 per barrel amid negotiations between the United States and Iran. Indian equities additionally gained traction as an "Anti-AI" trade following Apple's warnings regarding artificial intelligence spending costs. However, Reliance Industries trimmed the broader advance slightly, falling over 1% following a massive 12% rise in the previous session.
Key points
Heavyweights such as IndiGo and HDFC Bank paced the market advance by posting gains of ro…: Heavyweights such as IndiGo and HDFC Bank paced the market advance by posting gains of roughly 3% each.
Crude benchmarks stayed relatively muted, with Brent crude remaining below $105 per barre…: Crude benchmarks stayed relatively muted, with Brent crude remaining below $105 per barrel and WTI trading below $97 per barrel.
Dalal Street gained an advantage as an Anti-AI trade after Apple warned about earnings he…: Dalal Street gained an advantage as an Anti-AI trade after Apple warned about earnings headwinds tied to corporate artificial intelligence spending.
Sources checked by our analysis pipeline: 1
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Sensex gained nearly 730 points to cross 76,420 while Nifty 50 jumped more than 190 points to rise above 23,630 on Tuesday morning. The sharp gains added nearly Rs 4 lakh crore to the total market capitalisation of all companies listed on BSE, pulling it up to Rs 486 lakh crore.
IndiGo and HDFC Bank shares gained around 3% each to lead gains on Sensex, while UltraTech Cement, HUL, Asian Paints, Bajaj Finance, Bajaj Finserv and Infosys shares gained around 2% each. Bucking the trend, Reliance Industries shares fell a little over 1%, following a historic 12% surge in the previous session.
Among the sectors, Nifty Auto, Nifty Financial Services, Nifty FMCG, Nifty IT, Nifty Private Bank and many other indices jumped more than 1% each. Nifty Pharma however slipped into the red.
Broader markets extended gains, with Nifty Smallcap 250 and Nifty Midcap 100 indices gaining up to 0.6%. The overall market breadth continued to favour the bulls, with NSE seeing 2,406 advances and 673 declines, while 89 stocks remained unchanged.
Domestic equities concluded the trading day on a positive note across the local share market. The benchmark index managed to sustain upward momentum through to the closing bell. This solid performance reflects a favorable outcome for overall trading activity in the region.
Carrier equities across key Asia-Pacific markets rallied sharply in response to sudden global price movements. Investors responded positively to the dramatic easing of major operational cost pressures across international transport sectors. The positive momentum reflects immediate market adjustments to changing conditions in worldwide commodity and transport trading.
Investor interest has pivoted toward the hot pot chain following sharp upward trading activity in the market today. Market observers are currently evaluating the primary drivers behind this sudden influx of capital. The movement has captured broader attention across the sector as participants seek clarity on the underlying momentum.