Market Rally: Sensex Up 250 Points, Nifty Crosses 24,500, BEL Gains
The S&P BSE Sensex was up 299.85 points to 80,664.79, while the NSE Nifty50 added 71 points to 24,705.90 as of 9:24 am.
Sensex Gains 300 Points, Nifty Above 24,700; BEL Among Top Movers.
Benchmark indices opened higher on Tuesday, driven by a rally in metal stocks on the weekly expiry day for Nifty. PSU banks and consumer durables also contributed to the positive momentum.
As of 9:24 am, the S&P BSE Sensex was up 299.85 points at 80,664.79, while the NSE Nifty50 added 71 points to 24,705.90.
Market Expert View:
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, noted, “The near-term market structure appears weak. Sustained FII selling and absence of strong triggers are preventing a significant recovery. Any gains are quickly met with selling pressure, as seen in yesterday’s negative close despite over Rs 1,000 crore of institutional inflows.”
Top Gainers:
Power Grid: +1.82%
Asian Paints: +1.36%
Bharat Electronics (BEL): +0.94%
Titan: +0.85%
HDFC Bank: +0.75%
Top Losers:
ITC: -0.36%
Reliance Industries: -0.29%
Eternal: -0.14%
Larsen & Toubro (L&T): -0.12%
Trent: -0.09%
Vijayakumar added, “Long-term investors can use this drift to accumulate potential medium- to long-term winners. Sectors with strong demand and order inflows—like defence and high-quality financials—are attractively valued. PSU banks remain cheap.”
Sector Performance:
Top performers: Nifty PSU Bank (+1.27%), Nifty Metal (+0.91%), Nifty Media (+0.84%), Nifty Private Bank (+0.30%), Nifty Financial Services (+0.15%)
Other sectors: Nifty Auto (+0.07%), Nifty Oil & Gas (+0.07%), Nifty Healthcare (+0.07%), Nifty Pharma (+0.06%), Nifty IT (+0.05%)
Flat sector: Nifty Consumer Durables (0%)
Decliners: Nifty Realty (-0.50%), Nifty FMCG (-0.17%)
Market Breadth:
Nifty Midcap100: +0.01%
Nifty Smallcap100: +0.02%
India VIX: +1.09%
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