Indian share markets ended in the positive on Tuesday, with both the Sensex and Nifty making robust gains. The Sensex rose by 1,131.31 points (1.53%) to end at 75,301.26, and the Nifty rose 325.55 points (1.45%) to close at 22,834.30.
The Sensex intraday high during the session was 75,385.76, while the Nifty ranged between 22,599.20 and 22,845.95.
This was the second straight session of robust advances for the benchmark indices, led by major segments like realty, automobiles, metals, and banking. Institutional Equity Desk's Sundar Kewat said the rally was being led by healthy movements in these segments. He further added that from an options point of view, the largest open interest at the call side was at 23,000 and 23,500 and put-side open interest was at 22,500 and 22,700.
The upward momentum in the market was also given an added boost by weaker-than-anticipated US retail sales data, which had led to expectations of the Federal Reserve cutting interest rates later during the year. This helped the optimism among investors as the broader market experienced a rally with 2,715 stocks rising, 1,153 falling, and 117 remaining unchanged.
Among the biggest gainers on the Nifty were ICICI Bank, Mahindra & Mahindra, Shriram Finance, Larsen & Toubro, and Tata Motors. Bajaj Finserv, Bharti Airtel, and Tech Mahindra were the losers.
Sectoral indices rose uniformly, gaining between 3.62%, which was driven by sectors such as auto, capital goods, consumer durables, metal, power, realty, and media. Broader markets also posted better returns with the Nifty Smallcap100 index advancing by 2.71% and the Nifty Midcap100 index gaining 2.10%.
Also, the Indian rupee gained against the dollar, closing 23 paise higher at 86.56 per dollar from its last close of 86.79. The overall positive trend indicated sustained investor confidence in the market.
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