Indian equity indices extended their winning trajectory on Tuesday as relentless buying across frontline counters propelled market benchmarks significantly higher. For the second consecutive trading session, domestic equity gauges climbed by more than 1.5 percent, mirroring sustained investor appetite across broad economic sectors. Widespread accumulation across consumer goods, telecommunications, and private banking majors firmly anchored the upbeat mood on Dalal Street, even as a handful of public sector and retail counters faced moderate profit-taking.
Benchmark Gauges Register Sharp Gains
At the close of trading, the 30-share BSE benchmark surged 1225.07 points, representing a climb of 1.62 percent, to settle comfortably at 76,917.85. In tandem, the 50-share NSE benchmark advanced by 370.05 points, or 1.68 percent, concluding the day at 23,810.85. The strong session followed closely on the heels of Monday's trading action, which had similarly produced gains exceeding 1.5 percent across both primary barometers.
Market Breadth Reflects Broad Participation
Market participation remained heavily tilted toward advancing counters throughout the day. Among the 30 component stocks of the BSE gauge, 25 constituents ended higher in positive territory, while just 5 counters ended lower in the red. A comparable trend played out on the NSE 50 index, where 39 counters advanced, 10 declined, and one stock concluded the session unchanged. This decisive skew confirmed that the market advance drew support from an expansive base of constituents rather than isolated index drivers.
Notable Gainers and Declining Counters
Consumer goods giant Hindustan Unilever led the gains on the BSE benchmark, jumping 4.16 percent by the closing bell. Telecom major Bharti Airtel followed with a 4.00 percent advance, while premier private lender HDFC Bank climbed 3.62 percent. Strong interest also emerged in paint manufacturer Asian Paints, which rose 3.53 percent, and cement producer UltraTech Cement, which advanced 3.05 percent. Private lender ICICI Bank notched a 2.80 percent gain, while diversified conglomerate ITC finished 2.76 percent higher.
Additional upward momentum was registered by Titan, rising 1.90 percent, and aviation operator IndiGo, climbing 1.85 percent. Axis Bank gained 1.82 percent, carmaker Maruti Suzuki rose 1.79 percent, Bajaj Finserv improved 1.78 percent, and Eternal advanced 1.73 percent. Financial lenders Kotak Mahindra Bank and Bajaj Finance moved up 1.31 percent and 1.24 percent respectively, while automaker Mahindra & Mahindra picked up 1.12 percent. State-run electronics firm BEL gained 0.97 percent, Adani Ports and SEZ rose 0.71 percent, and energy titan Reliance added 0.55 percent. Technology counters displayed steady gains, with Infosys advancing 0.79 percent, HCL Tech rising 0.49 percent, TCS adding 0.30 percent, and Tech Mahindra closing up 0.15 percent. Engineering company L&T finished 0.25 percent higher, and Sun Pharma gained 0.22 percent.
Conversely, state-owned utility Power Grid emerged as the steepest decliner among benchmark components, dropping 2.27 percent. Public sector banking major State Bank of India fell 1.77 percent. Power generator NTPC retreated 0.87 percent, steelmaker Tata Steel eased 0.54 percent, and retail operator Trent concluded 0.33 percent lower.
