MUMBAI: Indian benchmark indices closed higher on Tuesday as easing tensions between Israel and Iran boosted investor confidence and supported a recovery in risk assets.
The BSE Sensex rose 394.50 points, or 0.54%, to close at 73,918.76, while the NSE Nifty50 gained 119.10 points, or 0.52%, to settle at 23,242.10.
Gains were broad-based, led by banking and financial stocks, as investors returned to riskier assets amid signs of reduced geopolitical uncertainty.
Analysts said softer crude oil prices and a temporary easing of Middle East tensions helped drive the rally. However, concerns over foreign investor outflows, elevated bond yields and global economic uncertainty continued to temper sentiment.
Investors are also awaiting key U.S. inflation data, which could shape expectations for Federal Reserve policy and global liquidity trends.
Among the top gainers were InterGlobe Aviation (IndiGo), State Bank of India, ICICI Bank, Axis Bank and Bajaj Finance, while Titan, NTPC and Power Grid Corporation of India were among the biggest decliners.
Among sectoral indices, Nifty Auto rose 1.34% and Nifty FMCG gained 0.73%. Nifty IT fell 0.48%, while Nifty Media slipped 0.15%.
Despite Tuesday’s gains, analysts expect markets to remain volatile in the near term as investors monitor global growth, inflation and geopolitical developments.
Disclaimer: This content is based on media reports and market data available at the time of reporting and is for informational purposes only. Investors are advised to consult a qualified financial expert before making any investment decisions. VisionMP is not responsible for any loss arising from the use of this information.
