Stock Market Remains In Green As Sensex Jumps 335 Points To Settle at 83,871.32; Nifty Climbs 120 Points

Stock Market: Benchmark stock indices Sensex and Nifty continued their bullish trend for the second day as equity benchmarks overcame a shaky open to settle higher on Tuesday. Sensex jumped 335.97 points to settle at 83,871.32, while the Nifty climbed 120.60 points to 25,694.95 as optimism around a potential trade deal with Washington and steps toward the US government reopening boosted investor sentiment.

The Nifty 50 rose 0.47% to 25,694.95, while the BSE Sensex added 0.4% to 83,871.32. Eleven of the 16 major sectors logged gains, while broader small-caps fell 0.2% and mid-caps rose 0.5%.

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Stock Markets Snap 3-Day Decline On Monday

Earlier, the benchmark stock indices Sensex and Nifty bounced back on Monday after three straight days of losses. The bearish trend was seen due to buying in IT and financial shares and a rally in global peers after a breakthrough in the US government shutdown.

The 30-share BSE Sensex benchmark climbed 319.07 points, or 0.38 per cent, to close at 83,535.35. In the intraday session, the index rallied 538.21 points, or 0.64 per cent, to hit a high of 83,754.49.

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The NSE Nifty advanced 82.05 points, or 0.32 per cent, to settle at 25,574.35. During the day, it climbed 161.15 points or 0.63 per cent to hit an intraday high of 25,653.45. Among the Sensex firms, Infosys, HCL Technologies, Bajaj Finance, Asian Paints, Tata Motors Passenger Vehicles, Tata Consultancy Services, Bharti Airtel, Titan, Bajaj Finserv, Reliance Industries and Larsen & Toubro were the gainers. Trent Ltd, Eternal, Power Grid, UltraTech Cement, Mahindra & Mahindra, Axis Bank, State Bank of India, Adani Ports, Hindustan Unilever and NTPC were the laggards.

"The potential resolution of the US government shutdown, coupled with renewed FIIs buying driven by a favourable Q2 earnings season, supported a positive sentiment in the market. The rise in the US 10-year Treasury yield reflects improving risk sentiment toward equities with the reopening of the federal government," Vinod Nair, Head of Research, Geojit Investments, said.
(With agencies inputs)