Sensex jumps 544 points, tops 76,800; Nifty nears 24,000, rupee stays firm on US-Iran deal optimism
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Indian stock markets closed higher on Tuesday, prolonging their winning run after investors welcomed the US‑Iran agreement, which lifted risk appetite and brightened sentiment worldwide and locally.
The Sensex added 544.15 points, a 0.71% rise, finishing at 76,808.48, whereas the Nifty climbed 135.25 points, up 0.57%, to 23,995 — just shy of the 24,000 mark.
Analysts noted that the 24,000 psychological barrier still acts as the nearest resistance for the Nifty.
“If the index holds above 24,000, bullish strength could grow, paving the way toward the 24,200‑24,400 zone,” said a market analyst.
“On the flip side, 23,900 is seen as the near‑term support level,” the analyst added.
The upbeat trend was driven by vigorous buying in a few heavyweight names. HCLTech, Tata Consumer Products and Bajaj Finserv led the Nifty gainers, providing a boost to the overall market.
Within the Sensex basket, IndiGo, UltraTech Cement, Maruti Suzuki India, Tata Steel, State Bank of India and Sun Pharma figured among the leading decliners.
The advance extended beyond large‑cap names, as broader indexes also finished in the green.
The Nifty MidCap rose 0.41% and the Nifty SmallCap added 0.42%.
Sectorally, realty, media and consumer durables shares led the advance, with the Nifty Realty, Nifty Media and Nifty Consumer Durables indexes beating the broader market.
Conversely, metal shares faced pressure, and the Nifty Metal index posted the day’s largest sectoral decline.
Investors stayed encouraged by the easing of geopolitical tensions after the US‑Iran deal, which lifted global sentiment and bolstered risk assets.
The favourable environment, together with focused sector‑specific buying, allowed Indian benchmarks to prolong their upward move and keep momentum close to record highs.
The Indian rupee keeps showing a firm bias, extending its upward trend against the dollar in a supportive macro setting.
“In the short run, USD/INR is likely to keep a downward bias, with spot rates trending toward 94.10,” said an analyst.
