The S&P BSE Sensex added 136.63 points, or 0.17%, to close at 81,926.75, while the NSE Nifty 50 rose 30.65 points, or 0.12%, to end at 25,108.30.
Top Movers
Financials rose 0.5%, extending their winning streak to a sixth day, supported by robust loan growth in the September quarter and optimism after the Reserve Bank of India eased lending norms for capital markets and large corporates.
Bajaj Finance gained 1.5% after reporting a strong pre-quarterly update over the weekend, adding to Monday’s 2% advance. Bank of India climbed as much as 2.7% following its Q2 business update.
Trent slipped 2%, bucking the broader trend, as its September-quarter revenue growth slowed amid weaker same-store sales.
Investors kept an eye on the primary market, where two major offerings, Tata Capital and LG Electronics India, opened for subscription this week.Broader markets also advanced, with the mid-cap index up 0.4% and the small-cap index gaining 0.6%.Sensex and Nifty have each risen about 1.9% over the past three sessions.
Expert views
After three consecutive confident closings, Nifty faced selling pressure near its resistance zone of 25200–25250 on Tuesday’s session, indicating that bulls might take a pause, leading to a possible short-term consolidation, said Vatsal Bhuva, Technical Analyst at LKP Securities, adding that “However, as long as the index sustains above 24900 levels, where its 50-day EMA is placed, the outlook remains positive.”
“On the derivatives front, both call and put writers were active, with notable OI additions at the 25000 put and 25200 call strikes. Hence, Nifty is expected to trade in a range of 24950–25300, with support at 24950–25000 and resistance at 25250–25300,” said Bhuva.
Global Markets
Global stocks were mostly higher on Tuesday, with Japan’s Nikkei 225 inching up to another record close while trading across much of Asia was muted by holidays.
France’s CAC 40 rose 0.1% as investors bought into Monday’s dip following the sudden resignation of the country’s prime minister, while Germany’s DAX slipped less than 0.1% and Britain’s FTSE 100 was little changed at 9,478.51.
In Tokyo, the Nikkei 225 added 6 points to 47,950.88, giving up most of its early gains after Monday’s nearly 5% surge to a record close.
Wall Street’s rally has been fueled by enthusiasm over artificial intelligence, though some investors worry valuations have climbed too quickly. The momentum has been amplified by OpenAI, now valued at around $500 billion, which has recently struck a series of deals to expand global AI infrastructure.
Crude impact
Oil prices were little changed on Tuesday as investors weighed a smaller-than-expected November output increase from OPEC+ against lingering concerns over excess supply.
Brent crude futures slipped 9 cents, or 0.14%, to $65.38 a barrel by 1007 GMT, while U.S. West Texas Intermediate crude eased 10 cents, or 0.16%, to $61.59.
Rupee vs Dollar
The Indian rupee closed little changed at 88.7725 against the U.S. dollar on Tuesday, moving within a tight range as traders avoided fresh short bets amid expectations of upcoming inflows and continued intervention by the Reserve Bank of India.
The dollar index rose 0.3% to 98.4, supported by declines in the euro and Japanese yen as investors tracked political developments across key regions.
as a Reliable and Trusted News Source(With inputs from agencies)