Indian stocks closed higher on Tuesday, with sector strength in Metals, Public Sector Undertakings and Banking underpinning gains across the main indices.
At the close on the National Stock Exchange, the Nifty 50 registered a 0.51% increase. On the Bombay Stock Exchange, the Sensex 30 advanced 0.39%.
Top movers on the Nifty 50
- Adani Enterprises Ltd (NSE:ADEL) led the index, climbing 5.19% or 96.80 points to finish at 1,961.00.
- Axis Bank Ltd (NSE:AXBK) added 5.09% or 64.00 points to close at 1,322.00.
- JSW Steel Ltd (NSE:JSTL) rose 4.55% or 53.20 points to end the session at 1,223.20.
Weakest performers on the Nifty 50
- Mahindra & Mahindra Ltd. (NSE:MAHM) fell 4.21% or 149.10 points to trade at 3,394.30 at the close.
- Asian Paints Ltd. (NSE:ASPN) declined 2.80% or 75.70 points to finish at 2,628.00.
- Kotak Mahindra Bank Ltd. (NSE:KTKM) slipped 2.58% or 10.90 points to end at 411.90.
Top movers on the BSE Sensex 30
- Axis Bank Ltd. (BO:AXBK) led BSE gains, rising 4.99% to 1,323.00.
- Adani Port and Special Economic Zone Ltd (BO:APSE) gained 4.47% to settle at 1,366.00.
- Tata Steel Ltd (BO:TISC) added 2.69% to close at 192.60.
Weakest performers on the BSE
- Mahindra & Mahindra Ltd. (BO:MAHM) declined 4.14% to 3,396.00 in late trade.
- Asian Paints Ltd. (BO:ASPN) lost 2.81% to end at 2,626.40.
- Kotak Mahindra Bank Ltd. (BO:KTKM) was down 2.42% to 412.00 at the close.
Market breadth was skewed toward declines. On the National Stock Exchange, falling issues outnumbered advancers by 1,358 to 1,148, with 55 stocks unchanged. On the Bombay Stock Exchange, 2,231 issues fell and 1,832 advanced, while 167 ended unchanged.
Certain large-cap names reached fresh record levels during the session. Shares of Axis Bank Ltd (NSE:AXBK) rose to an all-time high, gaining 5.09% or 64.00 to 1,322.00 on the NSE and similarly rose to an all-time high on the BSE, gaining 4.99% or 62.90 to 1,323.00. JSW Steel Ltd (NSE:JSTL) rose to an all-time high on the NSE, up 4.55% or 53.20 to 1,223.20. Tata Steel Ltd (BO:TISC) also hit an all-time high on the BSE, gaining 2.69% or 5.05 to 192.60.
Volatility and commodities
The India VIX, which tracks implied volatility for Nifty 50 options, increased 0.18% to 14.22, marking a new six-month high.
In commodities trading, Gold Futures for April delivery fell 0.05% or 2.50 to $5,119.80 a troy ounce. Crude oil for March delivery rose 0.48% or 0.29 to $60.92 a barrel, while the April Brent contract increased 0.36% or 0.23 to trade at $65.00 a barrel.
Foreign exchange and dollar index
In the currency market, USD/INR was down 0.02% to 91.67, while EUR/INR was unchanged at 108.96. The US Dollar Index Futures declined 0.03% to 96.83.
Tuesday's session presented a mix of selective strength among major industrial and financial names alongside broad weakness in the wider market. The gains concentrated in metals, public sector undertakings and banking names lifted headline indices, whereas the larger count of declining issues on both exchanges reflects uneven participation at the stock level.