Closing Bell: Sensex Jumps 568 Points, Nifty Reclaims 23,550 as Broader Markets Outperform

Indian Markets Extend Gains for Second Straight Session​

Indian equity benchmarks closed higher on Tuesday after a volatile trading session, marking their second consecutive day of gains. The rally was supported by strong performance in the broader markets, which outpaced the benchmark indices.

The BSE Sensex surged 568 points to settle at 76,071, while the NSE Nifty 50 advanced 172 points to close at 23,581, reclaiming the 23,550 mark.

Midcaps Lead Rally, Market Breadth Remains Positive​

Broader markets emerged as the key drivers of the session. The midcap index climbed 559 points to end at 55,174, snapping a four-day losing streak.

Market breadth remained firmly positive, with the advance-decline ratio at 3:2, reflecting widespread buying interest across sectors.

Sector Watch: Auto Stocks Extend Momentum​

Among sectoral indices, Nifty Auto continued its upward trajectory, rising more than 2 percent and extending gains from the previous session.

Stock-Specific Highlights​

MOIL was the standout performer, rallying 19 percent after the company announced plans to achieve manganese production of 9 lakh tonnes in the March quarter.

Shares of Cyient DLM, Amber Enterprises and Syrma SGS gained up to 5 percent after JPMorgan upgraded these stocks to ‘overweight’.

Within the benchmark indices, Eternal, Tata Steel, Mahindra and Mahindra, HDFC Life and Bharat Electronics led the gains, rising between 2 percent and 6 percent. Bharat Electronics also moved higher after securing an order worth ₹1,011 crore.

Midcap Movers​

In the midcap segment, SAIL, BSE, APL Apollo Tubes and KPIT Technologies advanced between 4 percent and 6 percent, contributing to the broader market outperformance.

Stocks Under Pressure​

On the downside, Urban Company declined 3 percent following a ₹385 crore block deal after the expiry of a shareholder lock-in period.

Oil marketing companies HPCL, BPCL and IOC slipped around 2 percent each after Kotak Institutional Equities cut target prices.

Key Development​

Vedanta also registered gains after the National Company Law Tribunal rejected its plea to acquire Jaiprakash Associates under the insolvency process.