Sensex Rises 447 Points, Nifty Holds Above 25,900; RIL and Auto Stocks Lead Gains

Sensex Rises 447 Points, Nifty Holds Above 25,900; RIL and Auto Stocks Lead Gains

Mumbai: Indian equity markets ended higher on Tuesday, breaking a four-day losing streak as investors responded to supportive global cues and bargain hunting.

The S&P BSE Sensex surged 447.55 points to close at 84,929.36, while the NSE Nifty50 rose 150.85 points, settling at 25,966.40.

Global Cues Drive Market Rally

Vinod Nair, Head of Research at Geojit Investments Limited, said that global equities rallied after US CPI data came in below estimates, reinforcing expectations of a softer US Federal Reserve stance in the near term.

He added, “Investors are closely watching for signals on the Fed’s 2026 easing trajectory. Meanwhile, the Bank of Japan raised its policy rate by 25 basis points to a three-decade high, which could influence global liquidity flows.”

Domestically, large-cap buying and bargain hunting supported the indices, while oil prices continued to soften on concerns over oversupply and subdued growth outlook. Nair cautioned that near-term volatility may persist amid uncertainties regarding trade deal timelines and upcoming macroeconomic data.

Top Gainers and Losers

The rally was led by auto, pharma, and energy stocks, boosting investor sentiment.

Top 5 gainers:

·         Bharat Electronics: +2.37%

·         Power Grid Corporation of India: +2.25%

·         Tata Motors DVR: +1.98%

·         Asian Paints: +1.41%

·         Reliance Industries (RIL): +1.34%

Top 5 losers:

·         HCL Technologies: –1.14%

·         Kotak Mahindra Bank: –0.27%

·         ICICI Bank: –0.20%

·         Sun Pharmaceutical Industries: –0.02%

·         Axis Bank: –0.07%

Technical Outlook: Nifty Shows Breakout

Rupak De, Senior Technical Analyst at LKP Securities, noted that the Nifty has broken out of a falling wedge pattern, indicating improving market sentiment.

Key technical observations:

·         The index has reclaimed the 21-day EMA on the daily chart.

·         Support found near the 50-day EMA helped Nifty recover toward 26,000.

·         Immediate resistance is near 26,300, while near-term support lies at 25,900, likely acting as a first line of defense.

De added, “A decisive move above 26,000 could propel Nifty further, while 25,900 will remain a critical support level for investors to watch.”

Market Takeaway

The market rebound was driven by a combination of global easing expectations, domestic bargain buying, and sectoral gains in auto, energy, and pharma. Analysts advise investors to remain cautious, considering ongoing global policy changes and macroeconomic developments.