Sensex closed at 78,572.43, up 518.91 points and
The
Concurrently, the NSE
Leading the gains on the NSE Nifty 50 were
Reliance Industries set a new record high, while Bharti Airtel surged over 3 per cent, marking significant large-cap gains on the major indices.
The broader markets displayed mixed performance with the Nifty SmallCap rising by 0.11 per cent and the MidCap slightly declining by 0.05 per cent. Sector-wise, the Nifty Media rose by 1.7 per cent, Nifty Bank by 0.5 per cent, and Nifty FMCG by 0.4 per cent. The Metal sector remained the top loser, dropping over 1.39 per cent.
Among the sectoral indices, Nifty Bank, Financial Services, FMCG, Media, Pharma, PSU Banks, Private Banks and Oil and Gas remains in the green territory. The stock of sectors such as Consumer durables, Midsmall healthcare,Realty, Metal and IT ended in the green.
Foreign investors made a substantial move by buying Indian equities, while domestic investors showed differing market sentiment by selling shares.
"Foreign portfolio investors (FPIs) sustained their buying streak for the 12th consecutive session, acquiring USD 141 million worth of shares on Tuesday. Since June 7, FPIs have invested a total of USD 3.7 billion in Indian equities, buoyed by reduced policy uncertainty. Domestic institutional investors (DIIs) have also been active, purchasing USD 1.6 billion worth of shares in the same period," Varun Aggarwal MD, Profit Idea.
"Gold and silver prices are declining due to the Federal Reserve's aggressive stance on maintaining higher interest rates, which increases US Treasury bond yields and limits precious metal gains. However, geopolitical tensions between Israel and Lebanon are supporting safe-haven demand," he added.
Gold is trading between Rs 71,000 and Rs 71,800, awaiting a breakout to establish a new trend.