Mumbai, Aug 026 : Indian equity benchmarks staged a recovery from early losses on Tuesday, ending the session in positive territory as buying emerged in healthcare, pharmaceutical and public sector banking stocks. The broader market remained mixed amid cautious investor sentiment and continuing geopolitical uncertainty.
The Sensex gained 286.98 points, or 0.37 per cent, to close at 77,656.09, while the Nifty 50 advanced 115.50 points, or 0.48 per cent, to settle at 24,334.55.
Among Nifty stocks, Adani Enterprises, Max Healthcare Institute and Apollo Hospitals Enterprise featured among the leading gainers, supporting the benchmark indices. The broader market also showed a mixed trend, with the Nifty MidCap index rising 0.54 per cent, while the Nifty SmallCap index slipped 0.10 per cent.
Sectoral performance remained uneven. Healthcare, pharmaceutical and PSU banking stocks outperformed, while private banks and metal stocks faced selling pressure. Investors continued to monitor global developments, particularly developments surrounding US-Iran tensions and their potential impact on crude oil prices, inflation and interest rates.
Market analysts said the much-anticipated US sanctions related to Iran were viewed as less severe than some market participants had expected. This helped crude oil prices and bond yields retreat from recent highs, providing some relief to Indian equities.
The moderation in energy prices was particularly supportive for the domestic market, given India’s sensitivity to crude oil prices. Analysts, however, cautioned that volatility could remain elevated in the near term as investors await key economic data and comments from the US Federal Reserve leadership later this week.
Meanwhile, the Indian rupee emerged as one of the strongest-performing Asian currencies, supported by heavy intervention by the Reserve Bank of India and a decline in crude oil prices.
From a technical perspective, analysts identified immediate support for the USD/INR pair around 95.25, while resistance was seen near 95.75.
Note: The supplied market report identifies three leading Nifty gainers but does not provide the complete top-five gainers and losers list. The table therefore avoids inventing stock names or performance figures.
Overall, the market closed with a positive bias, although investors remained cautious ahead of upcoming inflation data, US monetary-policy signals and developments in the Middle East.
(Disclaimer :The content of this article is sourced from a news agency and has not been edited by the Mavericknews30 team.)
