The S&P BSE Sensex rose 0.4% to close at 83,871.32, up 335.97 points, while the NSE Nifty 50 advanced 0.47%, or 120.60 points, to settle at 25,694.95.
On the 30-stock Sensex, BEL, Mahindra & Mahindra, Adani Ports, HCL Technologies, Eternal, and Infosys led the advance, rising between 1% and 2.5%.
IT stocks rose 1.2% as hopes of a U.S. government reopening lifted sentiment, with investors betting that a resolution would clear the pah for the Federal Reserve’s rate outlook, bolstering prospects for the export-driven sector.
Market mood was further buoyed by U.S. President Donald Trump’s remarks that a trade deal with India was “close.”
In the broader market, the midcaps rose 0.5% while the smallcaps slipped 0.2%.Vodafone Idea jumped 7.8% after reporting a narrower-than-expected second-quarter loss, helped by more users migrating to higher-margin 4G and 5G plans.Meanwhile, Bajaj Finance slumped 7.4% after cutting its asset growth forecast, citing rising bad loans and intensifying competition in consumer lending.
Global Markets
Global equities edged higher on Tuesday, buoyed by relief over the imminent end of the U.S. government shutdown, though gains were capped by persistent worries about stretched technology valuations. The dollar held firm.
European markets opened stronger, led by London’s FTSE 100, which hit record highs as the pound weakened following labour data that bolstered expectations of a Bank of England rate cut next month.
The U.S. Senate late Monday approved a deal to end the longest government shutdown on record, paving the way for the release of key economic data that could stir market volatility. The STOXX 600 rose 0.6%, outpacing a 0.1% dip in S&P 500 and Nasdaq futures after a subdued Asian session.
On Wall Street, the S&P 500 jumped 1.54% for its biggest daily gain since mid-October, while the Nasdaq surged 2.3%, its strongest advance since May. A basket of major AI-linked tech stocks rallied 2.8%, though sentiment cooled after Japan’s SoftBank disclosed it had sold its entire $5.83 billion stake in Nvidia in October.
Gold held steady above $4,100 an ounce.
Crude impact
Oil prices held steady on Tuesday, with concerns over global oversupply offsetting uncertainty about the effect of new U.S. sanctions on Russian crude exports.
Brent crude futures rose 27 cents, or 0.42%, to $64.33 a barrel, while U.S. West Texas Intermediate gained 26 cents, or 0.43%, to $60.39.
Rupee vs Dollar
The Indian rupee rose 16 paise to close at 88.57 against the U.S. dollar on Tuesday, supported by progress on the U.S. government funding bill and optimism over a potential U.S.-India trade deal.
The dollar index, which measures the greenback against six major currencies, inched up 0.03% to 99.61.
(with inputs from agencies)