Mumbai’s benchmark indices closed in positive territory on Tuesday, driven by robust buying in auto and metal stocks. The Sensex surged 208.17 points, or 0.25%, to settle at 84,273.92, while the Nifty climbed 67.85 points, or 0.26%, ending at 25,935.15.
Sectoral performance highlighted strength in Nifty Auto, which jumped 1.37%, followed by Nifty Metal at 0.81%, Nifty Consumption at 0.61%, Nifty India Defence at 0.56%, Nifty PSE at 0.55%, and Nifty Commodities at 0.45%. These gains underscored investor confidence in industrial and consumption-driven segments amid a broadly positive market sentiment.
In contrast, Nifty Pharma declined 0.36%, Nifty Healthcare fell 0.27%, and Nifty PSU Bank slipped 0.19%, reflecting selective profit-taking in defensive sectors. Broader market participation was evident as midcap and smallcap indices also advanced. The Nifty Midcap 100 rose 294.75 points or 0.49% to 60,735.90, and Nifty Smallcap 100 gained 65.30 points or 0.38% to 17,451.20.
Among Sensex constituents, Eternal, Tata Steel, M&M, Power Grid, Tech Mahindra, NTPC, L&T, TCS, Maruti Suzuki, Axis Bank, HUL, ICICI Bank, Trent, Titan, Sun Pharma, and Bajaj Finserv emerged as top gainers. On the losing side, HCL Tech, Bajaj Finance, Bharti Airtel, Asian Paints, HDFC Bank, UltraTech Cement, ITC, SBI, Indigo, and BEL posted declines.
Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, noted that the Nifty traded in a narrow range of 119 points during the session, signaling limited directional momentum in the short term. He pointed out resistance levels between 26,050 and 26,100, with potential upside to 26,250 if breached. Support is eyed at 25,800-25,770.
The market opened strong amid mixed global cues, with Sensex starting 144.25 points higher at 84,210 from the previous close of 84,065.75, and Nifty up 55.35 points at 25,922.65 from 25,867.30. This session’s performance suggests sustained buying interest in cyclical sectors, setting the stage for potential further gains if global winds remain favorable.