Mumbai

Benchmark equity indices continued their upward momentum on Tuesday, with the BSE Sensex surging over 500 points and the NSE Nifty posting solid gains, marking the fourth consecutive day of rally.

The Sensex climbed 509.73 points (0.69%) to close at 74,616.58, after swinging widely during the session. Meanwhile, the Nifty rose 155.40 points (0.68%) to settle at 23,123.65.

The rally was supported by a decline in global crude oil prices and positive cues from international markets, which helped improve investor sentiment. Gains in IT stocks played a key role in lifting the indices after early losses.

Among top performers on the Sensex were Tata Consultancy Services, Infosys, HCL Tech, Bharti Airtel, Sun Pharma, and Hindustan Unilever. On the other hand, InterGlobe Aviation, Adani Ports, Mahindra & Mahindra, and Titan were among the laggards.

Globally, Asian markets such as Japan’s Nikkei and South Korea’s Kospi ended higher, while European markets were also trading in positive territory. US markets had closed higher in the previous session.

Despite the rally, foreign institutional investors (FIIs) remained net sellers, offloading equities worth over Rs 8,000 crore, while domestic institutional investors (DIIs) provided support with nearly matching purchases.

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Analysts noted that the market recovery was driven largely by short covering and selective sectoral strength, particularly in IT, rather than broad-based buying.