The Indian stock market held onto its positive momentum for the seventh consecutive session on Tuesday, though early gains were largely eroded due to heightened volatility. The benchmark Sensex surged to an intra-day high of 78,741.69 but struggled to maintain its strength, eventually closing at 78,017.19, up by 32.81 points (0.04%). Similarly, the Nifty 50 traded within a narrow range before settling at 23,668.65, gaining a modest 10.30 points (0.04%).
Despite the indices finishing in the green, market sentiment remained fragile, with a majority of stocks facing selling pressure. Out of the total traded stocks, 1,019 advanced, while 2,868 declined, and 107 remained unchanged, indicating a lack of broad-based buying interest.
The IT sector stood out as the sole gainer amid an otherwise weak session, while other key sectors struggled. Auto, capital goods, consumer durables, metal, oil & gas, power, PSU banks, realty, and telecom witnessed losses ranging between 1% and 1.5%, dragging the overall sentiment down.
UltraTech Cement, Trent, Bajaj Finserv, Infosys, and Grasim Industries emerged as the top gainers on the Nifty, whereas IndusInd Bank, Dr Reddy’s Labs, and Coal India were among the biggest losers. Apart from Nifty IT, which ended in positive territory, all other sectoral indices closed in the red, with the worst-performing sectors registering losses of up to 2.16%.
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