Post-Market Report: Sensex and Nifty Extend Gains for Third Day on Trade Deal Optimism

Market Performance Today

The Indian stock market maintained its winning streak today, with both major indices ending in the green despite intermittent profit-booking at higher levels. The BSE Sensex climbed 208.17 points, or 0.25%, to settle at 84,273.92. During the intraday session, the index hit a high of 84,482.95. Similarly, the NSE Nifty 50 rose 67.85 points, or 0.26%, to finish at 25,935.15, after touching an intraday peak of 25,989.45.

Top Movers (Sectors and Stocks)

The market rally was broad-based, with the Media and Auto sectors leading the charge. However, some heavyweights in the IT and Pharma space faced selling pressure.

Top Gainers:

• Eternal: Surged over 5% to emerge as the top gainer on the indices.
• Tata Steel: Rose 2.92% following positive developments in the steel ministry's PLI scheme.
• Mahindra & Mahindra (M&M): Gained 1.83% ahead of strong Q3 earnings expectations.
• Tech Mahindra: Advanced 1.68% as it recovered from recent lows.
• Other notable gainers included ONGC, PowerGrid, and Maruti Suzuki.

Top Losers:

• HCL Technologies: Fell 2.06%, leading the laggards in the IT pack.
• Bajaj Finance: Declined 1.79% due to profit-taking.
• Dr. Reddy’s Laboratories: Dropped 1.53% as the pharma sector saw a mild retreat.
• Adani Ports: Slipped nearly 1.3% by the end of the session.
• Bharti Airtel and Asian Paints also featured among the key losers.

Sectoral Performance:

• Nifty Media: The top performing sector, jumping 2.47%.
• Nifty Auto: Continued its upward momentum with a 1.44% gain.
• Nifty Metal: Settled 1% higher.
• Nifty Pharma and PSU Bank: Ended as the only major sectoral laggards, down 0.32% and 0.10% respectively.

Key Drivers of Today's Market

Several domestic and global factors converged to keep the bulls in control during Tuesday's session:

• India-U.S. Trade Deal: Sentiment remained high following the announcement of an interim trade deal that significantly reduces tariffs on Indian exports to the U.S. from 50% to 18%.
• FII Inflows: Foreign Institutional Investors (FIIs) remained net buyers, pumping approximately ₹2,255 crore into the cash market, reflecting renewed confidence in Indian valuations.
• Positive Global Cues: Asian markets traded at record levels, and a stable opening in European markets provided a supportive backdrop for domestic equities.
• Macroeconomic Stability: Easing geopolitical tensions in the Middle East and a stabilizing Rupee (holding below the 91-92 mark) helped curb volatility.

Broader Market Performance

The broader markets outperformed the frontline indices today, indicating healthy retail and mid-tier institutional participation. The Nifty Midcap 100 index rose 0.49% to close at 60,736, while the Nifty Smallcap 100 index gained approximately 0.40%. Market breadth remained firmly in favor of buyers, with roughly 2,600 stocks advancing on the BSE against 1,644 declining.

TAGS: Post-Market, Stock Market, Nifty, Sensex, Market Analysis

Tags: Post-Market Stock Market Nifty Sensex Market Analysis