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India’s benchmark Nifty 50 index (.NSEI) extended gains on Tuesday, rising 0.51% to close at 22,145. Positive global cues, strong buying in banking and IT stocks, and easing crude oil prices supported investor sentiment. Analysts expect continued momentum as corporate earnings and macroeconomic stability drive confidence in equities.
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Nifty 50 Gains 0.51%
The Nifty 50 index advanced further in today’s session, reflecting optimism across sectors. Broader market indices also traded higher, with mid-cap and small-cap stocks showing resilience.
Key Highlights:
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Index Performance: Nifty 50 closed at 22,145, up 0.51%; Sensex gained 0.47% to settle at 73,890.
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Sectoral Trends: Banking & Financials: Led gains with strong buying in HDFC Bank and ICICI Bank.
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IT Stocks: Infosys and TCS advanced on positive global tech outlook.
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Energy: Reliance Industries rose modestly, supported by easing crude oil prices.
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Global Cues: Asian markets traded higher, while U.S. futures indicated stability, boosting investor confidence.
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Macro Factors: Cooling oil prices and steady rupee supported sentiment.
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Investor Outlook: Analysts expect near-term momentum to continue, with corporate earnings and budget expectations shaping market direction.
Sources: Moneycontrol, The Economic Times, Reuters, Business Standard
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